Swiss National Bank Rejects Cryptocurrencies as Reserve Assets Citing Volatility Concerns
Swiss National Bank (SNB) President Martin Schlegel publicly declared that cryptocurrencies, including Bitcoin, are unsuitable for inclusion in the country’s official reserve assets. At a financial conference, Schlegel emphasized that digital currencies' extreme price volatility and uncertain liquidity make them unreliable for safeguarding national monetary stability. “Cryptocurrencies are not currently ...
