Swiss 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.
32 Articles
32 Articles
Swiss cryptocurrency advocates are pushing for changes to the Swiss Constitution to include bitcoin in their reserves along with gold.
Swiss National Bank Governor Rejects Bitcoin Inclusion in Foreign Exchange Reserves Swiss National Bank Governor Martin Schlegel has said that cryptocurrencies do not meet the institution's foreign exchange reserve standards. He explained this by Bitcoin's high volatility and insufficient market liquidity.
The president of the Swiss National Bank has rejected the use of bitcoin as a reserve currency, as cryptocurrencies do not meet the institution's reserve requirements. We will also be discussing crypto assets on May 8 at our Portfolio Investment Day 2025 investment conference, where professionals will share their investment ideas, whether it's the stock market, government bonds, commodities or real estate. Information and registration here.
In 2025, the discussion about Bitcoin as a state reserve is picking up a lot of momentum. Bitcoin is increasingly gaining political acceptance and is leaving the purely financial world. [...] The post Krypto News: Keine Bitcoin-Reserve in der Schweiz! erschien zuerst auf Kryptoszene.de.
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…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
