Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Early Bitcoin Holder Redeems $10M Casascius Bar

    GMO Miner Promises Hands-Free Bitcoin Cloud Mining

    US Senate Approves Trump’s Crypto-Regulating Bill Affecting BTC Price

    US Senate Passes Trump’s Budget Bill, BTC Price Reacts

    South Africa’s Eskom Ventures into Bitcoin Mining

    South Africa’s Eskom Considers Bitcoin Mining to Manage Debt

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Changpeng Zhao Donates $10M in BNB to Vitalik Buterin

    Changpeng Zhao Donates $10M in BNB to Vitalik Buterin

    CZ Donates $10M in BNB to Support Buterin’s Biotech Initiatives

    Kraken, Robinhood Support Paxos’ Global Dollar Launch in EU

    Global Dollar (USDG) Launches in Europe with Kraken, Robinhood

    Elon Musk and Trump Spur Dogecoin Rally with Tweet

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Swiss National Bank Rejects Bitcoin Reserve Inclusion

Solomon M. by Solomon M.
April 26, 2025
in Bitcoin News
Key Takeaways:
  • Martin Schlegel cites liquidity risks and high volatility.
  • Advocates push for Bitcoin in reserves despite opposition.
  • Expected market impact remains minimal post-announcement.
swiss-national-bank-dismisses-bitcoin-for-reserves
Swiss National Bank Dismisses Bitcoin for Reserves

Martin Schlegel, Swiss National Bank Chairman, confirmed the institution’s decision to reject Bitcoin’s inclusion in national reserves, citing security and volatility concerns. The announcement was made during their general assembly held in Zurich.

SNB’s Rejection and Market Impact

In his statement, SNB Chairman Martin Schlegel emphasized the inability to rely on cryptocurrencies due to their instability. Martin Schlegel, Chairman, Swiss National Bank, stated,

“Cryptocurrency cannot currently fulfil the requirements for our currency reserves. The SNB must be able to buy and sell foreign exchange at any moment, and the liquidity offered by cryptocurrencies simply isn’t enough.”
(Cointelegraph)

Alternatively, Luzius Meisser, Bitcoin Initiative founder, continues advocating for Bitcoin’s adoption, considering it vital in a potential multi-polar world order.

The SNB’s announcement has not influenced immediate Bitcoin prices, maintaining stability as market participants anticipated. Limited reactions from key crypto players reflect the market’s consistent outlook on central banks’ positions.

Continued Advocacy and European Stance

Despite the rejection, advocates remain active in garnering support for a national referendum on the matter. The SNB’s stance aligns with other European central banks, which similarly reject Bitcoin’s reserve status due to its speculative nature.

Bitcoin’s price stability amidst SNB’s decision demonstrates resilience to central banks’ opposition. Historically, market adjustments are influenced more by broader regulatory contexts and varying geopolitical factors rather than isolated central bank policies.

Questioning Bitcoin’s adoption in national reserves underscores ongoing deliberations on digital currencies’ roles. While central banks maintain reservations, ongoing technological advancements and pressures from the crypto community continue to drive these global discussions.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Swiss National Bank Rejects Bitcoin Reserve Proposal

Next Post

Shiba Inu Price Surge Predicted by Independent Analyst

Solomon M.

Solomon M.

Related Posts

Early Bitcoin Holder Redeems $10M Casascius Bar

by Adriana M.
July 2, 2025

A Bitcoin holder, known as John Galt, redeems 100 BTC Casascius gold bar after 13 years, valued over $10M.

GMO Miner Promises Hands-Free Bitcoin Cloud Mining

by Solomon M.
July 2, 2025

GMO Miner introduces mobile Bitcoin mining without hardware needs, emphasizing simplicity and security measures.

US Senate Approves Trump’s Crypto-Regulating Bill Affecting BTC Price

by Solomon M.
July 2, 2025

US Senate passes Trump's bill impacting crypto regulation, spiking BTC prices above $106k.

US Senate Passes Trump’s Budget Bill, BTC Price Reacts

by Solomon M.
July 2, 2025

The US Senate passes Trump's budget bill, impacting BTC price above $106K amid market reactions.

South Africa’s Eskom Ventures into Bitcoin Mining

by Solomon M.
July 2, 2025

Eskom, South Africa's state-owned utility, explores Bitcoin mining to address debt with surplus electricity.

South Africa’s Eskom Considers Bitcoin Mining to Manage Debt

by Solomon M.
July 2, 2025

South Africa's Eskom explores Bitcoin mining to tackle its $22.7 billion debt challenge.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.