Swiss National Bank: Will not buy Bitcoin or other cryptocurrencies
Thomas Jordan, president of the Swiss National Bank, stated that the Swiss National Bank will not buy Bitcoin or other cryptocurrencies because of their high volatility, lack of security, and lack of a strong legal framework, even though U.S. President Trump has pushed for the creation of a U.S. strategic reserve.
NEW: The Swiss National Bank will not buy Bitcoin and other cryptocurrencies, citing high volatility, lack of safety, and absence of a robust legal framework despite President Trump’s push to establish a US strategic reserve, according to its president Martin Schlegel.
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