In a recent television interview, Swiss National Bank (SNB) Deputy Governor Martin Schledge made a statement that caught the attention of cryptocurrency enthusiasts around the world. World “bitcoin is fun,” hints that the SNB is considering holding cryptocurrencies.
SNB Deputy Governor Calls #bitcoin “Interesting” https://t.co/vLckr7zoCf
— Kyptos (@azcoinnews) April 9, 2023
Switzerland is known for its friendly stance towards Bitcoin and other cryptocurrencies. In fact, the Swiss city of Lugano already uses Bitcoin as a currency in its daily life, and financial institutions in the country are also investing in cryptocurrencies.
Schledge’s statement echoed similar sentiments expressed by SNB President Thomas Jordan, who revealed last year that the central bank was considering buying bitcoin at its annual meeting. However, following a review, Jordan stated that he was opposed to holding bitcoin as a primary currency, citing concerns that it would not meet the requirements of reserve currency regulations.
Despite these concerns, Schledge emphasized that buying bitcoin is not a problem for the SNB. He suggested that individuals could buy bitcoin themselves or invest in bitcoin-based products.
Swiss National Postal Finance (PostFinance) recently announced that it will offer cryptocurrency services, including the purchase of Bitcoin, to its more than 2.69 million customers. The move by PostFinance is another sign of the growing acceptance of cryptocurrencies in Switzerland.
The news that the SNB is considering holding bitcoin is important because it has the potential to trigger other central banks around the world to follow suit. However, it remains to be seen whether the Swiss National Bank will ultimately decide to hold Bitcoin.
As the cryptocurrency market continues to evolve, let’s take a look at how regulators and financial institutions are adapting and responding to these changes. Currently, Bitcoin and other cryptocurrencies appear to be gaining wider acceptance, with Switzerland leading the way.
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according to Kyptos
