As you may remember, a campaign was recently launched in Switzerland for the central bank to add Bitcoin (BTC) to its reserves.
While it was wondered what the Swiss National Bank would decide as a result of this campaign, new statements came from the President of the Swiss National Bank, Thomas Jordan.
The Swiss National Bank remains skeptical about buying Bitcoin despite calls from campaigners to change Swiss law and allow cryptocurrencies to be added to foreign exchange reserves, governor Thomas Jordan told the central bank's general assembly on Friday, Reuters reported.
“Bitcoin is not without risk and we have not yet decided that we want to invest in Bitcoin. For good reasons actually.
Foreign exchange reserves are international payments. They must be liquid. They must be sustainable. And we should be able to sell and buy them.”
*This is not investment advice.