Swiss National Bank: ‘Buying Bitcoin Is Not a Problem for Us’

Switzerland 2019; s central bank, the Swiss National Bank, claims buying and holding bitcoin as a book money is not a problem for the bank. 201C;

We can prepare the technical as well as personnel conditions relatively swiftly, when we are persuaded we should have bitcoin in our annual report, 201D; the chairman of the Swiss central bank supposedly described. Switzerland 2019; s Central Bank on Buying and Holding Bitcoin

as a Reserve Currency The Swiss National Bank can hold as well as get bitcoin as a book money if the cryptocurrency meets the bank 2019; s money gets needs, Chairman Thomas Jordan reportedly claimed at the reserve bank 2019; s yearly general meeting Friday. The Swiss reserve bank principal was priced estimate by Reuters as saying: Buying bitcoin is

not an issue for us. We can do that either directly or can purchase financial investment items which are based upon bitcoin. However, he noted: 201C; But from the present point of view we do not believe bitcoin satisfies the requirements of currency books. That 2019; s why we have until now chosen not to have bitcoin on our balance sheet. 201D;

Swiss National Bank: Buying Bitcoin Is Not a Problem for Us

Nonetheless, he stressed:

We can organize the technical as well as operative conditions relatively rapidly, when we are encouraged we have to have bitcoin in our annual report.

An expanding number of companies are holding bitcoin on their annual report while even more countries are developing a structure to make BTC a legal money.

El Salvador took on bitcoin as lawful tender alongside the U.S. dollar in September in 2014, and just recently the Central African Republic made the crypto an official money.

Meanwhile, a boosting variety of people are anticipating the U.S. buck to shed its prominence, fuelled by the Russia-Ukraine war. Rich Dad Poor Dad author Robert Kiyosaki, for example, has repeatedly warned about completion of the U.S. dollar. Popular investor Jim Rogers Advised in March about the end of the U.S. dollar.

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