SIX Swiss Stock Exchange Chairman Romeo Lacher believes there is potential for a digital version of the Swiss franc. On February 25, Mr. Lacher told the Financial Times that the exchange would support such an initiative, adding that he does not like cash.
“An electronic franc under the control of the central bank will create a lot of synergies - so it will be good for the economy,” said Romeo Lacher.
Switzerland has become positive about cryptocurrency and blockchain integration at the national level, despite the reluctance of the banking industry approve bitcoin itself. The Swiss National Bank (SNB), in response to Mr. Lacher's statement, indicated that there is currently no need for a so-called electronic franc. In January, during the World Economic Forum in Davos, SNB Chairman Thomas Jordan argued that bitcoin and other cryptocurrencies should be regulated in the same way as traditional assets and under strict controls.
“You cannot, on the one hand, greatly restrict cash and, on the other hand, allow completely anonymous instruments that can largely be used for all types of transactions,” he said.
At the same time, Lacher shares such caution, in particular regarding the future of ICOs. stating the following: “My concern is that until recently the value of cryptocurrency has only been increasing. After the first ICOs fail, many will suffer."
However, Switzerland still remains the main incubator for ICO funds, investing the largest volumes of cash in them compared to the number of ICOs issued in any country peace.
According to https://cointelegraph.com
You May Also Like
Iran is developing a state-owned cryptocurrency to circumvent US sanctions
At a meeting of the Board of Directors of Post Bank, Iranian Minister of Information and Communication Technologies Mohammad-Jwad Azari Jahromi proposed issuing a national digital currency based on cloud technologies. According to local media, Iran's central bank is in talks with other financial institutions to establish control over digital currencies in Iran.
Reserve Bank of India: "This is our cow, and we will milk it!"
RBI representatives have recognized the potential of Blockchain technology and digital assets for the financial system and believe that they should be actively used in the interests of the national economy. India's national regulator, the Reserve Bank (RBI), has created an inter-ministerial commission to study the use of government-owned cryptocurrencies as legal tender and the implementation of its CBDC. The interdepartmental group will present the first findings in June this year.
