The Swiss National Bank, the central bank of Switzerland, states that buying and holding Bitcoin as a reserve currency is not a problem for banks. “If you are convinced that you need Bitcoin on your balance sheet, you can adjust your technical and operational conditions relatively quickly,” said the chairman of the Swiss Central Bank.
Swiss central bank on the purchase and holding of Bitcoin as a reserve currency
The Swiss National Bank can buy and hold bitcoins as reserve currencies if the cryptocurrencies meet the bank’s reserve requirements, Thomas Jordan said at the Central Bank’s annual meeting on Friday. It is reported that it was.
The chief of the Swiss Central Bank said Reuters said:
Buying Bitcoin is not a problem for us. We can do that directly or buy Bitcoin-based investment products.
But he says: “But from the current point of view, Bitcoin does not seem to meet the requirements of foreign exchange reserves, so we have decided not to include Bitcoin in our balance sheet so far.”
Nevertheless, he emphasized:
If you are convinced that you need Bitcoin on your balance sheet, you can adjust your technical and operational conditions relatively quickly.
More and more countries are holding Bitcoin on their balance sheets, while more are BTC Legal tender.
El Salvador adopted Bitcoin as legal tender alongside the US dollar in September last year, and recently the Central African Republic. make Cryptocurrency is the official currency.
Meanwhile, more and more people are hoping that the US dollar will lose its control, boosted by the war between Russia and Ukraine.Rich dad poor dad writer Robert KiyosakiFor example, it repeatedly warns about the end of the US dollar.Famous investor Jim Rogers He also warned about the end of the US dollar in March.
What do you think of the comments of the President of the Swiss Central Bank? Let us know in the comments section below.
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