• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, July 9, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Swiss National Bank Averse To Holding Bitcoin As A Reserve Currency. However, the Chairman Says It May Do So In The Future

4 May 2022
in Latest News, News
Reading Time: 2 mins read
101 7
source: insidetelecom.com

source: insidetelecom.com

According to Reuters, the Swiss National Bank (SNB) is not currently interested in holding bitcoin (BTC) but may do so in the near future. Chairman, Thomas Jordan stated this during the central bank’s annual general meeting on April 29th, 2022.

“Buying bitcoin is not a problem for us. We can do that either directly or can buy investment products which are based on bitcoin,” Jordan responded to a question at the SNB’s annual meeting. “We can arrange the technical and operative conditions relatively quickly when we are convinced we must have bitcoin on our balance sheet.” He further added, “We do not believe bitcoin meets the requirements of currency reserves.”

According to Jordan, the SNB, which has 937 billion in foreign currency investments, has lowered its stake in energy and fossil fuel industries from 10% to 3% to 4% of its holdings.

According to a March annual report, the SNB’s reserves as of December 31, 2021, totaled just over CHF1 trillion (US $1.03 trillion). The US dollar accounted for 39% of reserves, the euro for 37%, the Japanese yen for 8%, and the British pound for 6%. Gold reserves were a little shy of CHF56 billion or less than 6% of total reserves. At the end of 2021, the percentage of equities in foreign exchange reserves was 23 percent.

 

If you would like to read more news articles like this, follow DeFi Planet on Twitter, LinkedIn, Instagram and Facebook.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Tezalpreet Dhanju

Tezalpreet Dhanju

Related Posts

source: x.com
Ethereum

GameSquare Unveils $100M Ethereum Treasury Strategy, GAME Stock Surges 58%

9 July 2025
source: justice.gov
Crime

US Prosecutors Charge Two in $650 Million OmegaPro Crypto Fraud, Exposing Global MLM Scam

9 July 2025
source: financialit.net
Crypto

21Shares Urges FCA to Broaden Crypto ETN Access for UK Retail Investors

9 July 2025
source: linkedin.com
Crypto

Judge Likely to Block Mention of Tornado Cash Sanctions in Roman Storm Trial

9 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

1 day ago

Is Ethereum Losing the Yield Battle?

1 day ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

1 day ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

4 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

4 days ago

VC Funding in Web3: Where the Money Is Going Post-2024 Bear Cycle

5 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

bychainwire
9 July 2025
0

MultiBank Group Announces Early Access Waitlist for Pioneering $MBG Token

bychainwire
9 July 2025
0

Status Unveils First Gasless L2 on Linea With 100% Community Yield Allocation Mechanism

bychainwire
9 July 2025
0

NEXBRIDGE and NEXPLACE Raise $8M Series A to Launch Integrated Bitcoin Capital Markets Ecosystem

bychainwire
9 July 2025
0

Bybit Unveils Bold New Brand Identity with #IMakeIt Campaign — Ushering in a New Era for 70M+ Global Users

bychainwire
9 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00