Swiss Stock Exchange Head: Country Needs Its Own Cryptocurrency

March 1, 2018

Romeo Lacher, the chairman of Swiss stock exchange, has called for the country’s authorities to establish its own state cryptocurrency. As he sees it, e-franc (that’s how Lacher called the coin) would enhance Switzerland’s standing at the international financial scene and provide for many additional privileges.

Lacher claimed, some unexpected things are likely to happen while developing e-franc but his exchange will provide assistance for the idea to be accepted and developed in future.

“An e-franc under the control of the central bank would create a lot of synergies — so it would be good for the economy,” Mr. Lacher said, adding “I don’t like cash”, he said.

Lancher also noted, his exchange will not allow trading other cryptocurrencies and ICO. In addition, blockchain technology put at the basis of many digital currencies holds promises for being used in industries.

The Central Bank of Switzerland has responded to Lancher’s suggestion soon and claimed, they see no need in developing own cryptocurrency having backed it up that they are absolutely satisfied with current cash and non-cash payment system in the country.

Remember that Swiss Minister of Economy Johann Schneider-Ammann stated last month, cryptocurrencies are a part to the fourth industrial revolution and Switzerland exert every effort to get in the lead for this industry.

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