Another country decided to launch their own cryptocurrency. Ministry of finance of Switzerland has prepared a report about the advantages of the digital currency. The initiative was introduced by Cedric Wermuth.

Statement said that “The Federal Council is aware of the major challenges, both legal and monetary, which would be accompanied by the use of an e-franc,” it said. “It asks that the proposal be adopted to examine the risks and opportunities of an e-franc and to clarify the legal, economic and financial aspects of the e-franc.”.

It is also worth saying that the idea of the creation of the national digital currency was vocalized by Romeo Lacher – CEO of the Swiss stock exchange back in February. Thean ithe opinion that e-frank will be a good influence for the economy and will help rise the number of transactions.