Swiss National Bank Against Buying and Holding Bitcoin as Reserve Currency

Swiss National Bank Governor Thomas Jordan said the bank is against taking and holding bitcoin as a reserve currency.

Swiss National Bank Governor Thomas Jordan said at a shareholders’ meeting on Friday, Reuters reported on April 29. Taking Bitcoin as a reserve currency and to hold He also said that bitcoin does not meet the conditions to become a reserve currency.

Jordan also said in his speech:

Buying Bitcoin is not a problem for us. We can do this directly or by purchasing an investment product linked to bitcoin. If we think we should have bitcoin on our balance sheet, we can do this quickly.

said.

For Bitcoin to be the reserve currency stating that some conditions must be met Jordan: “Inflation on the rise in Switzerland we will raise interest doesn’t mean. Other central banks do this, but In our country, inflation is still moderate. exists. Nothing abnormal at this time, but if needed We do not hesitate to take a step.” made statements.

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