Topic: Switzerland is launching its national crypto-currency( E-franc) - page 4. (Read 1007 times)

It maybe good for the introduction of blockchain technology but as for cryptocurrency market, it would have no effect because as what is stated, it is still controlled by the government and most likely a private blockchain. I can see that in the future more countries would consider adopting blockchain technology and maybe make their own cryptocurrency to compete with those decentralized cryptocurrencies because it would be efficient to use than fiat given that we are almost depending on technology in all aspects of our lives.

No surprise there. Switzerland is one of the most advanced countries in the world. And this move of launching a national cryptocurrency proved it once again.

From the various favourable cryptocurrency news coming from Switzerland recently, I believe this will be a very good idea and also more investment opportunities in cryptocurrencies.

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.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.

Switzerland is considering of launching a crypto currency.  Studies are being conducted.  No wonder it the proposal comes true very shortly.  Because Switzerland is the country which survives on two things
1  Tourism and 2  Black Money of the world.

Tourism is the sector which will get a big boom after the crypto is used by most of the people.  
This country is because the heaven for the black money so they know that money inflow will increase with the adoption of crypto currency.  
It will be easy for the black money holders to park their money in Switzerland because it will be  easy via crypto.

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.

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.

"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.

I agree with you good news 

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.

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

Great news for our community. I hope more and more countries try to do this and adopt cryptocurrency.

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.

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.

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 .

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.

Thank you! Just wanted to say something similar to OP.

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.

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.

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 

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!