The Swiss National Bank (SNB) has no plans to hold Bitcoin as a reserve asset, according to its president, Martin Schlegel. Speaking on March 1, 2025, Schlegel dismissed the idea of incorporating the world’s largest cryptocurrency into Switzerland’s official reserves, citing concerns over volatility and its lack of suitability (stability, liquidity, and security) as a monetary asset.

Schlegel’s remarks come as central banks worldwide assess Bitcoin’s role in national financial strategies. While countries like El Salvador and Bhutan have already integrated Bitcoin into their reserves, the SNB remains unconvinced.

Switzerland is widely recognized as a crypto-friendly financial hub, with its “Crypto Valley” in Zug fostering blockchain innovation and attracting global firms. However, the SNB’s reluctance to adopt Bitcoin at the institutional level highlights the ongoing divide between central banking policies and the evolving digital asset industry.

The post Swiss central bank rejects Bitcoin as reserve asset, citing volatility appeared first on Crypto Reporter.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments