Swiss Central Bank: «We see no need to buy bitcoin»

SNB (Swiss National Bank) Governor Thomas Jordan said at the annual meeting of directors that buying bitcoin is not a problem for the central bank, and that it can do so directly or by purchasing bitcoin-linked investment products. But this is not currently in the plans of the financiers.

If necessary, the country’s main regulator will be able to organize technical conditions when it is confident that bitcoin should really be included in the bank’s asset balance sheet. However, based on the current situation, the SNB management considers it inappropriate to invest in bitcoin and keep it as a reserve.

Mr. Jordan has long been skeptical of bitcoin. In 2019, he called cryptocurrencies speculative instruments and expressed fears that stablecoins could disrupt the stability of Swiss monetary policy.

At the same time, at the end of last year, the SNB, together with the Bank of France, tested digital euros and the Swiss franc for international payments.