Switzerland hopes to become a true reference in the crypto-currencies sector and wants to become an indispensable hub for investors. It is for this reason that the authorities are currently working on implementing a regulation favourable to virtual currencies.
Switzerland is in favour of crypto-currencies and it intends to make it known to anyone who wants to hear it. In order to become a leader in the field, the country focuses on the future of digital currencies.
So much so that the federal government has just commissioned a study on the issues and relevance of the e-franc implementation.
This would be a state crypto-currency, of course supported by BlockChain technology.
Going forward please always post the link of the main article from where you got the news. It will work as a reference to the fellow members of the community and also increase the credibility of your post. However, since you didn't do that, let me do it on your behalf,
News source 1:
https://www.reuters.com/article/swiss-efranc/switzerland-seeks-study-of-state-backed-e-franc-cryptocurrency-idUSL5N1SO3BUNews source 2:
https://www.ccn.com/switzerland-government-calls-for-study-on-state-cryptocurrency-e-franc/The matter is at a very nascent stage and nothing has been confirmed yet. The lower house of parliament has asked for a detailed study on it and based on that study, decision will be made. Also the crypto market will not be benefited even if Switzerland finally decides to launch it because it will just be a digital form of the government backed money. It will not help bitcoin or any other altcoins to recover their market cap. Not particularly cheering news!