Swiss National Bank President opposes Bitcoin reserve proposal, what's the outcome of referendum initiative?

2025/04/28 06:37 (Updated 2025/05/12 16:03)
CoinPost
Written by A.Yamada
SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Swiss National Bank President opposes Bitcoin reserve proposal, what's the outcome of referendum initiative?

Will a BTC Reserve Referendum happen?

On the 25th, the president of the Swiss National Bank (central bank) expressed a negative view of the proposal to hold the cryptocurrency Bitcoin (BTC) as a reserve. Reuters and other news agencies reported.

This was said at the Swiss National Bank's shareholders' meeting. Mr. Schlegel said that it was inappropriate from the perspective of foreign exchange reserves.

Central banks must always be able to buy and sell foreign currencies, but virtual currencies generally have very large fluctuations in value on the market, and he said he doubts whether they can maintain their value as a foreign exchange reserve.

This comment was made at the same general meeting, when the Swiss government proposed to create a Bitcoin reserve...

SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Side Banner
Side Banner
MAGAZINE
Iolite Vol.19

Iolite Vol.19

May 2026 issueReleased on 2026/03/30

Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more

MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30
Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more