Crypto
Swiss Central Bank Declines Proposal for Bitcoin Reserves
The Swiss National Bank, represented by President Martin Schlegel, has decided against the inclusion of bitcoin in its reserves, citing liquidity and volatility concerns.
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The Swiss National Bank, represented by President Martin Schlegel, has decided against the inclusion of bitcoin in its reserves, citing liquidity and volatility concerns.
The President of the Swiss National Bank has ruled out the inclusion of Bitcoin in the central bank's reserves, labeling it a 'niche phenomenon' despite increasing cryptocurrency acceptance in Switzerland.
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