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Swiss National Bank Chairman: Bitcoin Does Not Meet Currency Reserves Requirements

The Swiss National Bank’s (SNB) Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the same time, though, the organization is mulling over digital currencies to an extent.
Bitcoin, Not Yet
At the central bank’s annual general meeting on Friday, the Chairman stated that SNB does not believe that Bitcoin meets the requirements of currency reserves in the current perspective. Adding BTC to its balance sheet is not a problem for SNB, according to Jordan, but will only do so when they are fully convinced.
As per Reuters’ report, Jordan stated,
“Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin. We can arrange the technical and operative conditions relatively quickly when we are convinced we must have bitcoin in our balance sheet.”
It is important to note that Switzerland has managed to establish itself as one of the most cr

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