Bitcoin doesn't meet requirements of reserve currency, says Swiss National Bank
The Swiss National Bank (SNB) is against buying and holding Bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank's annual general meeting on Friday.
He pointed out that to buy BTC is not a problem, and the central bank of Switzerland can either make a direct BTC purchase or invest in a BTC-based product pretty quickly. However, this can only happen if the SNB believes that Bitcoin should be on its balance sheet.
"From the current perspective we do not believe Bitcoin meets the requirements of currency reserves, that's why we have until now decided not to have Bitcoin on our balance sheet," Thomas Jordan added.
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