“Buying bitcoin is not a problem for us. We can do that either directly or can buy investment products which are based on bitcoin,' said the central bank chairman. crypto cryptocurrency $BTC
Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained.
However, he noted: “But from the current perspective we do not believe bitcoin meets the requirements of currency reserves. That’s why we have until now decided not to have bitcoin on our balance sheet.”We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet.
A growing number of corporations are holding bitcoin on their balance sheets while more countries are establishing a framework to makeEl Salvador adopted bitcoin as legal tender alongside the U.S. dollar in September last year, and recently the Central African RepublicMeanwhile, an increasing number of people are expecting the U.S. dollar to lose its dominance, fuelled by the Russia-Ukraine war.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss National Bank not ready to hold bitcoin as reserve currency: Reuters'We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,' Chairman Thomas Jordan said.
Read more »
Bitcoin Doesn't Meet Requirements of Reserve Currency: Swiss National Bank ChairmanChairman of the Swiss Central Bank stated that Bitcoin can hardly be a reserve currency
Read more »
Swiss National Bank Chairman: Bitcoin Does Not Meet Currency Reserves RequirementsThe central bank of Switzerland may be mulling over CBDC but it has no plans to hold Bitcoin as a reserve currency.
Read more »
Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation – Regulation Bitcoin NewsThe Cuban government has advanced a new law framework that brings clarity to how virtual asset service providers (VASPs) must proceed to operate legally in Cuba.
Read more »
India's Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister – Regulation Bitcoin NewsIndian finance minister says that the country's crypto policy will not be rushed. cryptocurrency bitcoin $BTC
Read more »
Warren Buffett gives his most expansive explanation for why he doesn't believe in bitcoinDespite a shift in public perception about the cryptocurrency, Buffett still wouldn't buy bitcoin.
Read more »