Swiss Stock Exchange President defends national crypt money

The head of the Swiss stock exchange, Romeo Lacher, spoke in favor of Swiss national currency development. Lacher noted that the proposed E-Frank would support a Swiss economy as well as a payment system that would benefit from traditional economic systems.

Defended the development of Swiss Exchange President E-Franc

The name of the Swiss stock exchange, Robert Lacher, spoke in favor of the development of a Swiss crypto cash flow backed by the central bank of the country.

For the development of a government-managed crypto-money: Lacher said he believed it could be "multi-faceted" and added that the stock exchange would be a strong supporter of such an initiative.

An E-Franc under the control of the Central Bank will create a lot of synergy. So it would be good for the economy. I do not like cash money.

The Central Bank thinks that the national cryptographic currency is not needed

The president described the hypothetical development of a national crypto money for Switzerland as an excellent opportunity to expand its position as a leader in the renewal and adoption of virtual money.

In response to Lacher's comments, the Swiss National Bank issued a statement stating that the bank was "not needed" in developing a national crypto currency. He said that existing cashless and cash-based payment systems work smoothly.

Mr. Lacher stated that despite the enthusiasm of state-run cryptographic money, he would not allow the trading of the SIX Group crypto money, which is owned by the stockbroker.

Actually, we do not have any plans to accept cryptographic currencies or ICO trade. However, we have seen a lot of advantages for Blockchain among our businesses.