Swiss Central Bank Exec: Crypto ‘Too Primitive’ to Issue State Digital Currency

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Last month, the Federal Council of the Government of Switzerland requested a report on the risks and opportunities of introducing a government-backed digital currency. The idea to develop a national cryptocurrency was proposed in February by Romeo Lacher, chairman of the Swiss stock exchange SIX. He said, “an e-franc under the control of the central bank would create a lot of synergies - so it would be good for the economy.”

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