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‘Enthusiasm has slowed’ for creating national cryptocurrencies: ‘The unknown risks are potentially large’
"The whole technical issue, which excited everyone, really takes second place to this conceptual policy issue. The mood now is: everyone is monitoring it, some are experimenting with it, heavily, but I think everyone is waiting for someone else to do it first so we can."
An economist explains the fundamental flaw at the heart of Switzerland’s revolutionary referendum on banking
The Vollgeld Initiative, as it is known, has the chance to fundamentally change the face of modern banking, but it has huge flaws according to most reputable economists.