Swiss National Bank: 'Buying Bitcoin Is Not a Problem for Us' – Regulation Bitcoin News

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.

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