US EditionSwiss National Bank chief dismisses Bitcoin reserve calls
- Swiss National Bank head Martin Schlegel dismissed calls for Bitcoin reserves on April 25 in Bern.
- This rejection occurs amid a citizen initiative seeking a constitutional amendment to mandate central bank Bitcoin holdings.
- Advocates argue Bitcoin offers a hedge against global economic risks and potential currency manipulation.
- Schlegel stated, "Cryptocurrency cannot currently fulfill the requirements for our currency reserves."
- The initiative continues seeking 100,000 signatures by June 30 to trigger a national referendum on the matter.
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32 Articles
Swiss National Bank Reaffirms Opposition To Bitcoin Reserve Proposal
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…
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,...
Swiss National Bank Rejects Bitcoin Reserve, Maintains Conservative Strategy
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, experiencing wild swings in market prices, which prevents the digital asset from being us…
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