Swiss National Bank Refuses to Consider Bitcoin as Reserve Asset

BlockBeats News, April 26th, according to Coindesk, the Swiss National Bank has refused to hold Bitcoin reserves, citing concerns about the liquidity and volatility of the cryptocurrency market.

Swiss National Bank President Martin Schlegel stated at Friday's central bank meeting: "For cryptocurrencies, even though market liquidity may sometimes seem adequate, it will naturally be questioned during a crisis. Cryptocurrencies are also known for their high volatility, posing a risk to long-term store of value. In short, it can be said that cryptocurrencies currently cannot meet the high requirements of our currency reserves."