Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report

The governor of the Swiss National Bank, Martin Schlegel, reaffirmed the position of the central bank against the integration of Bitcoin or other digital assets in its exchange reserves.

Populace expressed concerns in Bloomberg concerning Bitcoin (BTC)) High volatility, instability and regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for its position.

He stressed that the reserves of the Swiss National Bank are aimed at supporting monetary policy, and he noted that digital assets do not align with this objective.

This position conforms to that of Schlegel Previous remarks. In a November 2024 event, he expressed prudence concerning cryptocurrencies like Bitcoin and Ethereum (Ethn), labeling as niche phenomena unsuitable for payment purposes due to significant value fluctuations.

He also underlined the concerns about the high energy consumption required for cryptocurrency operations and their association with illegal activities, which makes them difficult to regulate.

Swiss and innovation of blockchain

Despite the reluctance of the BNS to adopt digital assets, Swiss Continue to be a hub for blockchain innovation.

Recently, the Swiss subsidiary of the Stuttgart Stock Exchange, BX Digital, Received approval of the Supervision Authority of the Swiss Financial Market to operate a trade -based trade system.

This platform allows direct payment and asset transfer using blockchain technology based on Ethereum, eliminating intermediaries and reducing transaction and costs.

Link Also just widened Its Nexo card in Switzerland and Andorra on February 11 as part of its 2025 growth plan.

The card, which combines debit and credit functions, has reached an adoption rate of 62% among eligible users in the European economic field.