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Author Topic: Switzerland is launching its national crypto-currency( E-franc)  (Read 248 times)
Fawez
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May 25, 2018, 09:45:59 AM
 #1

Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.

Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
 So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.

This would be a state crypto-currency, of course supported by BlockChain technology.

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July 10, 2018, 09:21:17 AM
 #2

I am happy to hear from you, hope other countries can have a more open look for bitcoin
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July 10, 2018, 09:24:24 AM
 #3

This is great news, happy to see such country like Switzerland favor crypto currencies, they are smart, and this means that cryptos are here to stay for a long time.
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July 10, 2018, 09:25:20 AM
 #4

This is to promote cryptocurrency especially if there are ICO base projects being introduced. This is a very good step to make and hopefully the government will take its step also to boost the cryptocurrency in their country without getting abused to its use from the people who will do money laundering, to finance terrorist group and etc. Just like any other countries like USA they had intensified KYC procedure for the use of cryptocurrency.
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July 12, 2018, 07:38:33 AM
 #5

What a great news. I hope other countries will accept
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July 12, 2018, 07:45:51 AM
 #6

Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.

Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
 So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.

This would be a state crypto-currency, of course supported by BlockChain technology.



Going forward please always post the link of the main article from where you got the news. It will work as a reference to the fellow members of the community and also increase the credibility of your post. However, since you didn't do that, let me do it on your behalf,

News source 1:
https://www.reuters.com/article/swiss-efranc/switzerland-seeks-study-of-state-backed-e-franc-cryptocurrency-idUSL5N1SO3BU

News source 2:
https://www.ccn.com/switzerland-government-calls-for-study-on-state-cryptocurrency-e-franc/

The matter is at a very nascent stage and nothing has been confirmed yet. The lower house of parliament has asked for a detailed study on it and based on that study, decision will be made. Also the crypto market will not be benefited even if Switzerland finally decides to launch it because it will just be a digital form of the government backed money. It will not help bitcoin or any other altcoins to recover their market cap. Not particularly cheering news!

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July 12, 2018, 07:51:49 AM
 #7

This is another great news for today .
I really hope this is gonna happen because we need to see it in real life situation and quite regulated in a way.

Swiss like Malta is the major place where this to take place. I'm positive about it  Shocked
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July 12, 2018, 07:57:35 AM
 #8

More and more countries will recognize Bitcoin because they need blockchain technology, but blockchain and Bitcoin are connected in people's understanding, so they will slowly relax Bitcoin.
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July 12, 2018, 08:02:15 AM
 #9

Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.

Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
 So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.

This would be a state crypto-currency, of course supported by BlockChain technology.



Hoping more and more countries would love to do what Switzerland had done. In that way more people will engage in using bitcoin and with this the bitcoin value will rise again, not just bitcoin but the currency in crypto. Moreover it is better if the said country will focus on an specific coin that have the potential, bitcoin specifically.

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July 12, 2018, 08:20:40 AM
 #10

Good thing that they are in favor of cryptocurrency/blockchain, but we all know that a real cryptocurrency can't be national or made/controlled by government. It is conflict of interest.
Let's say that for example they really do make it (a real one- decentralized, opensource...). What would that mean?
It would probably not be very secure (a lot less then Bitcoin), since they would start from nothing and number of nodes would be low. If it would be secured from the start then it would be centralized, because they (government) would have majority of nodes/hash power...
They would encourage shops and other business to accept it. This would cause price increase, which would definitely bring attention from investors from all over the world. And here we have another bubble and I believe it would be a lot bigger then bitcoins bubble (in %). And all this price volatility definitely wouldn't help country's economy. If they would controlled it to avoid this then we are back to digital FIAT money...

So I don't think there will be any successful "national" cryptocurrency (as we know it today). But what I think is possible is that blockchain will help make things more transparent- but this would of course not be in interest of those who are profiting because of "cheap" money.

Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.

Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
 So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.

This would be a state crypto-currency, of course supported by BlockChain technology.



Going forward please always post the link of the main article from where you got the news. It will work as a reference to the fellow members of the community and also increase the credibility of your post. However, since you didn't do that, let me do it on your behalf,

News source 1:
https://www.reuters.com/article/swiss-efranc/switzerland-seeks-study-of-state-backed-e-franc-cryptocurrency-idUSL5N1SO3BU

News source 2:
https://www.ccn.com/switzerland-government-calls-for-study-on-state-cryptocurrency-e-franc/

The matter is at a very nascent stage and nothing has been confirmed yet. The lower house of parliament has asked for a detailed study on it and based on that study, decision will be made. Also the crypto market will not be benefited even if Switzerland finally decides to launch it because it will just be a digital form of the government backed money. It will not help bitcoin or any other altcoins to recover their market cap. Not particularly cheering news!
Thank you! Smiley Just wanted to say something similar to OP.



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July 12, 2018, 08:30:19 AM
 #11

Switzerland is always ready to adopt the blockchain technology and crypto currency thats why some exchanges moves to switzerland , now its good hear that  switzerland launching their national crypto currency will be great  soon turns out be like malta ( block chain island )  hoping soon switzerland brings  crypto bill also to be passed and regulate bitcoin and other crypto currency legal .
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July 12, 2018, 08:51:48 AM
 #12

It is great to hear that such a country like Switzerland is involved in the activities of crpytocurrencies at least this would change the attitude and perceptions that some people and nations have about bitcoin hence going a long term to also motivate other nations to also accept cryptocurrencies into their system.

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July 12, 2018, 09:04:44 AM
 #13

Let's not get ahead of ourselves here, they've just ordered a study to be made here.
You can't say that it's even likely that they are going to launch their own crypto.

This study can take years to fully finish and even then the chances of something being done are still very low.


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July 12, 2018, 01:42:13 PM
 #14

Great news for our community. I hope more and more countries try to do this and adopt cryptocurrency.
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July 15, 2018, 04:14:11 AM
 #15

This is a very good step to implement and hopefully the government will take steps to boost electronic money in their country without being abused for use from people who will launder money, finance the terrorist group. Dad and so on. In countries such as the US, they have enhanced KYC procedures for the use of electronic money. I really hope this will happen because we need to see it in real life situations and pretty prescriptively in a way. I am very positive about it
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July 15, 2018, 08:26:32 AM
 #16

Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.

Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
 So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.

This would be a state crypto-currency, of course supported by BlockChain technology.



Friend, please put the link here so we know that your good news is really happening.
If a country have its own cryptocurrency, that means they are allowing their peoples to use cryptocurrency.
and i will not afraid to buying that coin as the early adopter because i know it is going to use by everyone on that country.

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July 15, 2018, 08:51:51 AM
 #17

This is great news, happy to see such country like Switzerland favor crypto currencies, they are smart, and this means that cryptos are here to stay for a long time.
I agree with you good news  Roll Eyes Cheesy

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July 15, 2018, 09:19:54 AM
 #18

"In Switzerland, if the proposal is approved?"

Well we can see from this words that it is not yet approved and it is on a study if they will sure adopt using cryptocurrency, There will be sure a lot of challenges ahead for them if they can surely pull out something like this, But I really think they can sure do this if they can do what japan had done, They can pull something like that, But well they will have to study and research the possibility on where they can use E-franc and its platform with the use of blockchain technology.














 

 

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July 15, 2018, 09:25:37 AM
 #19

this is very good news, swiss has issued their own digital currency.
these positive things can be transmitted to other countries. it may be that one day another country will follow what has been done by swiss.
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July 15, 2018, 09:29:41 AM
 #20

Let's not get ahead of ourselves here, they've just ordered a study to be made here.
You can't say that it's even likely that they are going to launch their own crypto.

This study can take years to fully finish and even then the chances of something being done are still very low.

Yeah, I agree. Its too early to call, although we all know that Switzerland is not against crypto but the likelihood of launching its own crypto might take years. Would like to see them also taking the lead in UE because we all know that they have been a safe haven for years in the banking industry until the US step up and "forced" them to open up bank accounts after bank accounts.

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