The central bank of Switzerland may be mulling over CBDC but it has no plans to hold Bitcoin as a reserve currency.
The Swiss National Bank’s Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the same time, though, the organization is mulling over digital currencies to an extent.At the central bank’s annual general meeting on Friday, the Chairman stated that SNB does not believe that Bitcoin meets the requirements of currency reserves in the current perspective.
It is important to note that Switzerland has managed to establish itself as one of the most crypto-friendly countries and currently has the most profitable Bitcoin traders in the world.
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