flash on Nostr: ⚡️🇨🇭 NEW - The Swiss National Bank rejects the use of cryptocurrencies for ...
⚡️🇨🇭 NEW - The Swiss National Bank rejects the use of cryptocurrencies for its reserves.
The Swiss National Bank has explicitly stated that it has no plans to include Bitcoin or other cryptocurrencies in its reserves.
In particular, Vice President Martin Schlegel cites concerns about:
🔹 The extreme volatility of cryptocurrency prices.
🔹 The lack of adequate guarantees.
🔹 The fragility of the legal framework surrounding the sector.
"We have no plans to buy cryptocurrencies" Martin Schlegel stresses the fact that the SNB's reserves are exclusively intended to achieve its monetary policy objectives, which crypto-currencies do not allow.
The Swiss National Bank has explicitly stated that it has no plans to include Bitcoin or other cryptocurrencies in its reserves.
In particular, Vice President Martin Schlegel cites concerns about:
🔹 The extreme volatility of cryptocurrency prices.
🔹 The lack of adequate guarantees.
🔹 The fragility of the legal framework surrounding the sector.
"We have no plans to buy cryptocurrencies" Martin Schlegel stresses the fact that the SNB's reserves are exclusively intended to achieve its monetary policy objectives, which crypto-currencies do not allow.