Swiss economic think tank Avenir Suisse strongly advocates for Switzerland to create a national cryptocurrency.

One of Switzerland's most influential think tanks, Avenir Suisse, has released a report urging the Swiss National Bank (SNB) to start researching a national cryptocurrency.

According to a report by Coindesk, the report titled Blockchain After the Hype proposes an economic model based on blockchain technology. It explicitly states that the next step is to create a "franc token" controlled by the Swiss National Bank.

Based on the new model suggested by the think tank Avenir Suisse, developing a stablecoin could transform Switzerland into a "blockchain nation." This goal is seen as a way to boost the Swiss financial industry by enabling the trading of crypto assets. The report mentions:

If the central bank and key industry players push for the development of a Swiss franc token, it would facilitate tokenized securities trading.

Furthermore, tokenized assets would become a crucial medium for blockchain use in other areas of the financial industry, particularly in trade finance and new business models. This approach could help Switzerland surpass its European peers and expand global market possibilities. The report also emphasizes the necessity of a blockchain and cryptocurrency framework, suggesting that appropriate regulations must be based on these technologies and should be implemented promptly. The think tank points out in the report:

By positioning itself internationally as a pioneer in tokenized securities, Switzerland could expand its relatively small capital market.

Meanwhile, following the recent Swiss Fintech Innovations conference, the Swiss National Bank remains neutral on the adoption of cryptocurrencies. Switzerland has been known for its open policies towards blockchain experimentation in the past, but the think tank suggests:

Switzerland has laid useful groundwork in these areas. But the pioneering age is over: Switzerland must now take the next step in blockchain development, transitioning from the hyped "Crypto Valley" to a mature blockchain nation.

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