Influential Swiss think tank urges the SNB to start working on a national cryptocurrency
Avenir Suisse released a report "Blockchain After the Hype"
- suggests the creation of a "franc token" controlled by the SNB
- a stablecoin
- to convert Switzerland into a "blockchain nation"
- to upgrade the Swiss financial sector by enabling the trade of cryptoassets
- "It would facilitate tokenized securities trading if the National Bank and major players in the industry were to drive the development of a Swiss franc token"
While the article focuses on Switzerland, this movement is wider spread. Gold folks might want to consider the implications of this movement.
Meanwhile, sort of related, bitcoin a little quieter the past 24 hours: