Published on May 18th, 2018 | by bitcoin0
In Switzerland, the government views the backward Cryptocurrency system
reported Switzerland is formally considering the possibility of a state-backed cryptocurrency.
Its government has asked legislators commission a study on the pros and cons of a Swiss “e-franc.”
Alec Baldwin’s Lambo Movie Backed by Crypto Tech
Switzerland Considers State Backed E-Franc
Switzerland’s Federal Council explained why it was asking for a formal study of state backed cryptocurrency.
Not the First, Not the Last
Venezuela is the most recent and notorious example of state backed crypto, and the only country to have implemented the idea.
The Maduro government used an ERC-20 token platform to launch the state backed crypto, which Mr. Maduro insists will be ultimately backed by barrels of oil.
A natural evolution of that idea, and to keep its citizens under the careful eye of government minders, a state backed crypto might just be the answer.