La Switzerland it is one of the European countries that from the beginning of the phenomenon has shown considerable interest in digital assets. If in the so-called "Crypto Valley" between Zug and Zurich theEthereum, considered the true counterpart of Bitcoin, other parts of the confederal territory have long moved their steps in order to equip themselves with virtual uniforms, starting from Canton of Vaud, the one in which the city of Lausanne is included, where the Leman.
Over the past few months, however, it is the Canton of Ticino that has activated itself for the launch of a stablecoin, or rather a virtual currency anchored to a fiat currency, in this case the Swiss franc, so as to avoid the typical fluctuations of cryptocurrencies not subjected to similar anchoring. The name of the token is Ticino Coin and the cantonal authorities are now pressing on the Council of State, or the governing body of the cantons, in order to have the authorization to coin it.
The second Swiss Cryptovalley
In the last hours that preceded the closure of the legislature, really the Council of State saw a parliamentary question delivered with which a group of local stakeholders asks for their support in order to create a complementary local currency based on Blockchain technology. The basic idea is to focus on the digital economy to relaunch the Canton Ticino, through the creation of innovative companies which could contribute to the creation of jobs in a moment not very happy. The reference is precisely to what happened with the Ethereum, which allowed Zug to count on hundreds of startups related to digital assets and to witness the birth of a digital ecosystem able to act as a reference point for local entrepreneurs and talents.
The unanimous support of the parties
The project being discussed with great fervor practically took its first steps during the 2014, managing to make local politics converge from the first momentpractically full. To give particular interest to the plan is the fact that the Canton of Ticino represents a state in all respects and as such has its own central bank, the BancaStato del Cantone, to which, in the most popular hypothesis at the moment, the task should be entrusted to act not only as custodian, but also as be the issuer of TicinoCoin itself, thereby assuming the burden of handling the bureaucratic practices that would be linked to the issue of tokens. It would be for all intents and purposes the first time that a sovereign state would issue a digital currency through its banking institution.
Now all that remains is to observe the developments of the Ticino experiment, in support of which the association "Ticino Coin" was also founded, to which local producers and traders with a series of ethical requirements considered indispensable can participate. One of the major promoters of the project, Michael Fiscalini, proceeded to operate on Wednesday 19 June, at 11,11 the computer which was entrusted with the task of creating the virtual currency.
