Post
Topic
Board Economics
Re: Swiss Franc become a new Cryptocurrency ;D
by
Renampun
on 08/11/2023, 11:14:04 UTC
The Swiss National Bank has launched a program to digitally transform the Swiss Franc into Cryptocurrency.
Five banks are participating in the experiment, including UBS (Credit Suisse went bankrupt, as we know).

https://goldblum.ch/news-and-media/swiss-franc-is-becoming-a-cryptocurrency

In fact, CBDC can be very dangerous for the value of a country's currency. Just imagine, even the uncontrolled circulation of fiat money can cause the value of that country's currency to experience a very drastic decline, while with CBDC, governments can freely create units of their country's CBDC continuously and it is very likely that the amount will be unlimited, however, if the government is unable to limit the circulation of their money, it will be dangerous for the future of their country's money. However, the story would be different if the Swiss government withdrew their fiat money and allowed their circulating CBDC to be used by citizens.