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The Swiss National Bank has dismissed calls to include Bitcoin in its reserves, citing stability and security concerns. Despite pressure from the crypto industry, the central bank remains firm in its stance.
- SNB Chairman Martin Schlegel cites stability and liquidity concerns as reasons for rejecting Bitcoin reserves.
- A Swiss initiative aims to constitutionally mandate Bitcoin holdings in SNB reserves, needing 100,000 signatures for a referendum.
- Switzerland's 'Crypto Valley' remains a global blockchain leader, with over $593 billion in valuation and 17 unicorn startups in 2024.
📎 Related coverage from: cointelegraph.com