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Swiss National Bank President: Rejects Bitcoin as a Reserve Asset!
#Presidentoftheswiss
The president of the Swiss National Bank said on Friday that cryptocurrencies have failed to meet the bank's currency reserve standards, thus rejecting calls from cryptocurrency advocates for the bank to hold Bitcoin as a hedge against rising global economic risks.
Cryptocurrency activists are intensifying pressure on the Swiss central bank to buy Bitcoin, arguing that the economic disruptions caused by U.S. President Donald Trump's tariffs have increased the importance of diversifying the central bank's reserves.
The president of the Swiss National Bank said on Friday that cryptocurrencies have failed to meet the bank's currency reserve standards, thus rejecting calls from cryptocurrency advocates for the bank to hold Bitcoin as a hedge against rising global economic risks.
Cryptocurrency activists are intensifying pressure on the Swiss central bank to buy Bitcoin, arguing that the economic disruptions caused by U.S. President Donald Trump's tariffs have increased the importance of diversifying the central bank's reserves.
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