Digital currency reduce risk, Zug immediately converts any bitcoin received into the Swiss currency.Swiss Federal Railways, government-owned railway company of Switzerland, sells bitcoins at its ticket machines. UK The Chief Scientific Adviser to the UK government advised his Prime Minister and Parliament to consider using a blockchain-based digital currency. The chief economist of Bank of England, the central bank of the United Kingdom, proposed abolition of paper currency. The Bank has also taken an interest in bitcoin. In 2016 it has embarked on a multi-year research programme to explore the implications of a central bank issued digital currency. The Bank of England
Currency War of 2009–11 the European Central Bank (ECB) did practice some QE in 2009, this was to a much lower extent than the US or UK, and they did not deploy a second round. The value of the Euro has been effectively left to float, and in fact early in 2010 central authorities intervened to defend the Euro’s value against the market. Following the generally positive results from bank stress testing that were released in summer, market participants stopped speculating against the Euro, and the currency has tended to rise as a result of other countries practicing competitive devaluation. A major driver for