Swiss National Bank Stands Firm Against Bitcoin Reserve, Bumping Global Trend

Swiss National Bank Stands Firm Against Bitcoin Reserve, Bumping Global Trend

The chairman of the Swiss National Bank (SNB), Martin Schlegel, has emphatically rejected the idea of integrating Bitcoin into SNB’s currency reserves. Schlegel’s comments during the SNB shareholders’ assembly in Bern on 25 April 2023 highlight the central bank’s enduring skepticism toward cryptocurrencies as a meaningful part of their national assets. Citing Liquidity and Volatility…