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The Swiss National Bank (SNB) has reiterated its opposition to including Bitcoin in its reserves, despite a citizen-led initiative pushing for a constitutional amendment. If successful, the proposal could force the SNB to hold Bitcoin alongside gold in its reserves.
- SNB Chairman Martin Schlegel dismissed Bitcoin as unsuitable for reserves due to volatility and security risks.
- A Swiss referendum could force the SNB to hold Bitcoin if 100,000 signatures are gathered for a constitutional amendment.
- The SNB is piloting wholesale CBDCs while advocates push for Bitcoin as a hedge against monetary instability.
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Other Tags: Bitcoin Suisse, Central Bank Actions, Swiss National Bank (SNB)