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 that with some countries deliberately devaluing their currencies other countries may retaliate thus causing a "trade war", and he urged Swann to alert "all of these other major countries to the very damaging implications of a currency war". During the IMF meeting there was disagreement based on conflicting views about how to sustain a recovery from the global recession. Countries led by the United States preferred flexible exchange rates, while others, led by China, resisted calls to appreciate their currency. The IMF meeting in Washington DC was inconclusive, as China rejected calls to allow rapid appreciation of its currency. Currency