Swiss National Bank chief dismisses Bitcoin reserve calls

CoinStats - Swiss National Bank Reaffirms Opposition to B...

SNB rejects Bitcoin reserves, citing volatility, liquidity issues, and digital security risks. Swiss crypto advocates push referendum to mandate Bitcoin inclusion in national reserves. Global debate grows as some governments explore Bitcoin reserves amid financial shifts. The Swiss National Bank (SNB) has opposed integrating Bitcoin into its currency reserves. Chairman Martin Schlegel addressed the matter during the institution’s annual sharehol…

Swiss National Bank Rejects Bitcoin Reserve, Maintains Conservative Strategy – MAXBIT

Swiss National Bank (SNB) President Martin Schlegel has rejected holding Bitcoin reserves, citing market liquidity and volatility as reasons for doing so. Schlegel concedes that Bitcoin can have a high level of liquidity at times, but during crises, this liquidity can become less stable. Schlegel further states that Bitcoin is well known for its volatility,...

As cryptos push the world monetary order, and push states and central banks to review their strategies, Switzerland chooses the path of prudence. The Swiss National Bank (SNB), the guardian of the country's economic stability, has just firmly rejected the idea of integrating bitcoin into its reserves. This clear positioning comes at a time when a citizens' initiative is trying to force the adoption of crypto at the highest institutional level. T…

Bank reserves must be liquid and safe and should not be burdened by suspicions of money laundering

Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate

The post Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate appeared first on Coinpedia Fintech News As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its Bitcoin reserve strategy. A group of crypto advocates has launched a referendum, urging the Swiss National Bank (SNB) to add Bitcoin alongside gold to its reserves as a safeguard against global instability. Sw…

Swiss National Bank Slams Bitcoin Reserve Push as Inflation Storm Brews - Bitcoin.com News - TECHTELEGRAPH

Swiss National Bank Slams Bitcoin Reserve Push as Inflation Storm Brews  Bitcoin.com News Source link The post Swiss National Bank Slams Bitcoin Reserve Push as Inflation Storm Brews – Bitcoin.com News appeared first on TECHTELEGRAPH.