Swiss National Bank Opposed to Holding Bitcoin as a Reserve Currency

Swiss National Bank Opposed to Holding Bitcoin as a Reserve Currency
The Swiss National Bank (SNB) logo on its building in Bern, Switzerland, on April 2, 2022. Arnd Wiegmann/Reuters
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ZURICH—The Swiss National Bank is against buying and holding bitcoin as a reserve currency, Chairman Thomas Jordan said at the central bank’s annual general meeting on Friday.

“Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin,” Jordan said. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet.