Articles for tag: Bitcoin, Blockchain Innovation, Cryptocurrency, Financial Stability, global acceptance, reserve assets, Swiss National Bank

March 21, 2025

Swiss National Bank Dismisses Bitcoin Reserve Proposal Despite Support from Trump: What It Means for Cryptocurrency’s Future

The Swiss National Bank (SNB) has rejected the idea of holding Bitcoin as a reserve asset. Vice Chairman Martin Schlegel expressed concerns about Bitcoin’s volatility, security risks, and liquidity issues. This decision contrasts with the rising global interest in Bitcoin from corporations and governments, especially in the U.S. While countries like El Salvador are adopting ...

March 3, 2025

Market News

Crypto

Switzerland Rejects Bitcoin as Reserve Currency: Implications for Cryptocurrency Adoption and Financial Stability

The Swiss National Bank (SNB) firmly rejects the idea of including Bitcoin in its national reserves, citing issues such as high volatility and limited liquidity. This decision comes amidst rising advocacy for cryptocurrency, especially from cities like Zug and Lugano, which embrace digital currency innovations. SNB President Thomas Schlegel emphasizes the risks of accepting Bitcoin, ...

March 2, 2025

Market News

Crypto

Swiss National Bank President Declares Bitcoin Unfit as a Reserve Asset, Says Recent Report on TradingView News

Swiss National Bank President Martin Schlegel has expressed reluctance to adopt Bitcoin as a reserve asset for Switzerland. He cites concerns about Bitcoin’s volatility, liquidity issues, and security risks associated with its software reliance. Schlegel’s stance contrasts with a proposal from the Swiss nonprofit group 2B4CH, aiming to constitutionally require the bank to hold Bitcoin. ...

March 2, 2025

Market News

Crypto

Swiss Central Bank President Declares Bitcoin Not a Worthy Reserve Asset: Key Insights from Recent Report

Swiss National Bank President Martin Schlegel has expressed strong opposition to the idea of making Bitcoin a reserve asset for Switzerland. He cites concerns over Bitcoin’s volatility, liquidity, and security risks, arguing that these factors make it unsuitable for maintaining the stability of the bank’s investments. This stance contrasts with proposals from the Swiss nonprofit ...

January 1, 2025

Market News

Crypto

Swiss Proposal Aims to Mandate National Bank Bitcoin Holdings for Economic Stability and Innovation

A new proposal in Switzerland aims to change the Constitution, requiring the Swiss National Bank to hold Bitcoin as part of its monetary reserves, alongside gold. This initiative, led by the think tank 2B4CH and Tether’s Giw Zanganeh, needs 100,000 signatures by June 30, 2026, to move forward. It follows a previous attempt in 2021 ...

January 1, 2025

Market News

Crypto

Swiss Chancellery Endorses Bitcoin Inclusion in National Reserves: A Historic Step Towards Digital Currency Adoption

Switzerland is considering a groundbreaking proposal known as the “Bitcoin Initiative,” which suggests that the Swiss National Bank should hold part of its reserves in Bitcoin alongside gold. This initiative has been approved by the Federal Chancellery and is now set to move towards a nationwide referendum. Advocates believe this plan could strengthen Switzerland’s financial ...

January 1, 2025

Market News

Crypto

Swiss Chancellery Endorses Bitcoin Inclusion in National Reserves: A Historic Step Towards Digital Currency Adoption

Switzerland is moving closer to a landmark decision on the “Bitcoin Initiative,” which proposes a constitutional amendment requiring the Swiss National Bank to hold part of its reserves in Bitcoin. Approved by the Federal Chancellery, the initiative aims to enhance Switzerland’s financial sovereignty and resilience by diversifying reserves alongside gold. Backed by prominent Bitcoin advocates, ...