Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances – Bitcoints

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Published on June 9th, 2018 | by bitcoin

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Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances

Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s financesIn today’s Bitcoin in Brief, we also cover a statement by a prominent Russian banker who warns that tight crypto regulations would hamper the development of blockchain technologies.
The first strategy has been at the core of the crypto revolution.
The proponents of the second approach have advocated granting more power and even greater responsibility to centralized financial authorities.
On Sunday, June 10, Swiss voters will be asked to support “Vollgeld,” a radical reform aimed at further centralizing financial authority in the hands of the country’s central bank.
The predominant expectations are that Swiss citizens will vote for more of the same, until the next crisis.

Source: News.bitcoin.com

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