Topic: Switzerland is launching its national crypto-currency( E-franc) - page 3. (Read 1007 times)
This is a good update for cryptocurrency and this could be mean that there will be another reason for the bull of crypto market price. Imagine that it is just like switzerland encourages people to check and invest on cryptocurrency. This will lead to a godd percentage of market price increase in the market as the people will going to get involve in cryptocurrency.
Mostly county will adopt crypto currency but they will impose some restrictions on it .So many countries has made high level committee to study the crypto currency.And the use of black chain technology in banking sector is inevitable.India is also planning to launch it's own crypto currency "LAKSHMI".
I think that Switzerland's implementation of its national crypto currency, even if it is a digital analogue of national paper money, will have a positive effect on the decentralized crypto currency. Even the national crypto currency will be evidence that the state as a whole is serious about crypto currency and its technology blockchein. The circulation of even national centralized crypto-currencies will in any case be of interest to citizens by analogy to use and decentralized species of crypto-currency. Therefore, in general, this is good news for the crypto currency.
Well, as far as I get it, they aren't LAUNCHING it. I'd rather say they are "CONSIDERING LAUNCHING IT," or "STUDYING" whether to launch it or not. That's it.
It seems country after country is falling into line and becoming in favor of crypto currency. Seems odd how much they were against it and now all of a sudden they seem to be falling over themselves wanting to get in. I have not put it all together yet but there is more than meets the eye.
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.
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.
That's just great news!!! Switzerland is not inferior to anyone else in the economic sector. It makes me very happy. I think that many countries, both in Europe and in the West and the East, will adopt the experience of Switzerland. In fact, all this is going on, everyone knows that soon there will be crypto economy.
This news is not confirmed yet but I came to know that the lower house parliment of Switzerland has taken a serious notice about that case but still this case is pending and cryptocurrency is not launched yet but I don't think that its will make the crypto market red if allowed by parliment.As,national currency is always government backed money and will not help bitcoin or altcoin to raise their market value.
If they are producing their national cryptocurrency, how would the government be able to control it owing to the decentralised nature of the blockchain technology?
I do not know if it's good or not. If that's true, hopefully it will not come out of the crypto nature. So, no one can really control the money crypto
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.
Its nice to hear that Switzerland had joined the growing numbers of crypto currencies friendly countries by launching its own crypto E-franc, Venezuela had launched petro, this is a welcome development I believed other countries will follow-suit so as to sustain the growing numbers of cryptos in the ecosystem. Although this crypto will be well regulated and centralized this might discourage potential investors. 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.
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.
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.
That's very nice, all country has able to create their own currency as long as the people believe and embraced it and specially people benefited to the said currency why not?, the important is this currency is accessible and available if ever they want to trade international. And the most important here is increasing of economic growth because of taxes generated from crypto in every transaction like Bitcoin that's really appreciated.
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.
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.
To everyone in this thread that is saying this is good news, please consider this :
1. The more money being invested into E-franc, the less is available to be invested into Bitcoin.
2. GovCoins is bad, because it is controlled by the same government that is in control of Fiat now.
3. When E-franc is implemented, the governments will start to ban other Crypto currencies to eliminate the competition.
4. E-franc is a step backwards into centralization again.
So, rejoice all you want, but just take note that the E-franc is our competition and it goes against everything Crypto currencies stand for.
1. The more money being invested into E-franc, the less is available to be invested into Bitcoin.
2. GovCoins is bad, because it is controlled by the same government that is in control of Fiat now.
3. When E-franc is implemented, the governments will start to ban other Crypto currencies to eliminate the competition.
4. E-franc is a step backwards into centralization again.
So, rejoice all you want, but just take note that the E-franc is our competition and it goes against everything Crypto currencies stand for.
That's a neat idea for all the countries to launch their own cryptocurrencies. I know it sounds odd because of the decentralized nature of crypto, but I don't think it's impossible;)
Switzerland has always supported the Crypto community. This also is a good signal of what is to be expected in the future. I do hope that other nations see reasons to support Cryptocurrency.
Switzerland has been a country that do support the use of crypto currency by its citizens and not surprised with the news.
Yes, of course, we all know that Switzerland is never against crypt. They may take the possibility of launching their own crypto. Switzerland finally decides to launch it because it will just be a digital form of the government backed money.
Where can I buy this crypto currency? and how expensive will it be?
Will governments allow their Cryptocurrencies to be deflationary or will they settle for stable coins. How about the Decentralization aspect? Will they use public or Private Blockchain. My guess is that they will choose private Blockchains to continue printing currencies out of thin air and possibly Manipulating the general Crypto market.
I wish the Crypto community can come together and agree to reject any kind of Cryptocurrency that isn't transparent enough.
I wish the Crypto community can come together and agree to reject any kind of Cryptocurrency that isn't transparent enough.
this is very good news, by hearing that swiss is involved in cryptocurrency, it will make people more trust in cryptocurrency, and make the price will rise again. hopefully other great countries will also join cryptocurrency.
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