$BTC President of the Swiss National Bank rejects requests to adopt Bitcoin as a reserve

The Swiss National Bank rejected requests to add Bitcoin to its reserves, citing concerns about stability and security, despite growing pressure from the local crypto industry.



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A representative of the Swiss National Bank rejected requests for the institution to add Bitcoin to its reserves as a form of protection against the current macroeconomic turmoil.

According to a report by Reuters published on April 25, the president of the Swiss National Bank, Martin Schlegel, stated during a shareholders' meeting in Bern held earlier that "cryptocurrencies currently do not meet the requirements to be part of our foreign exchange reserves." The statements were made amid growing pressure from the local crypto industry for the central bank to add Bitcoin (BTC) to its reserves.