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
Digital gold currency Currency Association (GDCA), which was founded in 2002, is a non-profit association of online currency operators, exchangers, merchants and users. The GDCA is an example of the DGC industry's attempt at self-regulation. On their website they claim their goal is to "further the interests of the industry as a whole and help with fighting fraud and other illegal activities, arbitrate disputes and act as escrow agent when and where required." Of the once DGC providers, Pecunix (gone, see below), Liberty Reserve (shut down for money laundering in 2013), and eight others became members of the association. It costs one gram