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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
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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...

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Iolite Vol.14

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.