Swiss-based Saga Foundation will aim to tackle to main criticisms of virtual currencies

A group of finance executives and economists has teamed up to create a cryptocurrency that aims to tackle the main criticisms of virtual money — namely, its anonymity, lack of underlying value and high volatility.

The Saga Foundation, a Swiss non-profit organisation, plans to create Saga, which it said will be the first non-anonymous blockchain-based digital currency. Blockchain is a type of distributed ledger and is the technology that underpins virtual money.

Top financiers and economists team up for new cryptocurrency

Clare Dickinson

Morgan Stanley

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