Swiss National Bank Deliberates on Bitcoin as Reserve Currency - BitcoinEthereumNews.com
BitcoinSwiss National Bank Deliberates on Bitcoin as Reserve Currency04 / 30 / 2022बिटकॉइन एथेरियम समाचार The Swiss National Bank (SNB) disclosed at the central banks anual meeting on Friday that it does not consider Bitcoin ideal as a reserve currency. This deliberation, while not positive at this time, demonstrates that Bitcoin is gradually entering mainstream consciousness. SNB: Buying Bitcoin is Not a Problem SNB Chairman Thomas Jordan noted that it is not difficult for the bank to invest in Bitcoin. However, it is still skeptical about buying and adding the cryptocurrency to its balance sheet as a reserve asset. “Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin. We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet.” Despite the increased macroeconomic uncertainties, Bitcoin still lacks the potential to advance into a reserve currency, according to SNB officials. The SBN chairman noted that Bitcoin does not possess the characteristics of a currency reserve, thus the banks decision. “We do not believe bitcoin meets the requirements of currency reserves, which is why we have until now decided not to have