The Swiss National Bank refuses to recognize bitcoin as a reserve asset
Last week, a representative of the Swiss National Bank (SNB) stated that bitcoin does not meet the stringent requirements for reserve assets due to high volatility, insufficient liquidity, and technical risks. Despite a favorable legislative environment for cryptocurrencies in Switzerland, the SNB maintains a conservative approach and does not plan to include bitcoin in its reserves.
These events highlight the ongoing debates about the role of bitcoin in financial reserves and its recognition by traditional financial institutions.
