Swiss National Bank President Thomas Jordan spoke on Friday, saying the SNB remains cautious about buying bitcoin.
His remarks come in response to this:
- The Swiss National Bank (SNB) is invited to include cryptocurrency in its reserves
that’s to say. a call from activists to change Swiss law and allow cryptocurrencies to be added to SNB reserves.
Jordan:
- “We haven’t yet decided to invest in Bitcoin. In fact, for good reasons”
- “Forex reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them.”
Jordan also highlighted potential downsides, such as carbon emissions from energy consumption related to bitcoin mining and transactions.
Bitcoin Update:
This article was written by Eamonn Sheridan at www.forexlive.com.
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