Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report

Swiss National Bank Rejects Bitcoin Reserve, Highlights Volatility And Risks

Amid growing global momentum toward digital assets, the Swiss National Bank (SNB) has decisively ruled out incorporating Bitcoin or other cryptocurrencies into its foreign exchange reserves. Martin Schlegel, SNB Vice President, reaffirmed this stance during an interview in Zurich, emphasizing the risks of volatility, technical flaws, and inadequate legal frameworks. SNB’s Concerns Over Crypto Assets […]

Swiss National Bank Says No to Bitcoin Reserve—No Plans to Buy Crypto Assets

Switzerland’s central bank flatly rejected cryptocurrency for reserves, citing wild price swings, legal fragility, and software flaws as global momentum builds toward digital assets. No Crypto for Now: Swiss Central Bank Rebuffs Digital Assets in Reserve Strategy Swiss National Bank (SNB) Vice Presi...

Swiss National Bank Says No to Bitcoin Reserve—No Plans to Buy Crypto Assets – Featured Bitcoin News

Switzerland’s central bank flatly rejected cryptocurrency for reserves, citing wild price swings, legal fragility, and software flaws as global momentum builds toward digital assets. No Crypto for Now: Swiss Central Bank Rebuffs Digital Assets in Reserve Strategy Swiss National Bank (SNB) Vice President Martin Schlegel clarified Thursday in Zurich that Switzerland’s central bank has no […]

Italy’s Largest Bank, Intesa Sanpaolo, Invests in Bitcoin for the First Time

Intesa Sanpaolo, the largest bank in Italy, purchased 11 bitcoins for about $1.02 million on January 13, 2025, marking its first major investment in VDAs. Why Are traditional Banks Investing in Bitcoin? Huge Banks investments in the crypto space like the case of Sanpaolo, indicate that traditional banks have now started to take interest in digital currencies. As cryptocurrencies are becoming more stable and are gaining usage, banks look at them …

Swiss National Bank President Talks About Bitcoin (BTC)! Answers the Question "Will They Buy BTC?"

The post Swiss National Bank President Talks About Bitcoin (BTC)! Answers the Question “Will They Buy BTC?” appeared on BitcoinEthereumNews.com. While the USA has set an example to the whole world with its strategic Bitcoin (BTC) reserve move, some countries continue to take a tough stance on BTC and cryptocurrencies. One of these was Switzerland. The Swiss National Bank closed the door to Bitcoin and cryptocurrency purchases. Speaking to Bloomb…

The Swiss National Bank has said it will not buy bitcoin or any other digital currency, even though Donald Trump is pushing for it. Central bank chief Martin Schlegel ... ...