SNB

Highlights: Swiss National Bank rejects Bitcoin reserves due to high volatility and security risks. The SNB’s reserves aim to support monetary policy, not digital currencies. A public initiative in Switzerland seeks to include Bitcoin in the SNB’s reserves. The Swiss […]

Highlights: Due to volatility and security concerns, SNB President Martin Schlegel rejects Bitcoin for reserves. Schlegel views cryptocurrencies as a “niche phenomenon” that does not threaten Switzerland’s official currency (CHF). Switzerland’s Bitcoin reserve proposal seeks 100,000 signatures for a public […]

Highlights: Swiss Federal Chancellery approves proposal for the Swiss National Bank to hold Bitcoin reserves. The initiative seeks 100,000 signatures for a referendum to amend Switzerland’s constitution. Bitcoin adoption is growing in Switzerland, but the proposal faces skepticism and concerns. […]