Summary
- The Swiss Central Bank Governor stated that he opposes including Bitcoin in reserves due to volatility, lack of liquidity, and security issues.
- He said that cryptocurrencies do not meet the conditions of a solid currency required in reserve strategy.
- Governor Schlegel expressed doubts about blockchain security, emphasizing bugs and security vulnerabilities.
According to cryptocurrency media Daily Hodl on the 3rd (local time), Swiss National Bank (SNB) Governor Martin Schlegel stated that he opposes including Bitcoin (BTC) in reserves due to volatility, liquidity, and security concerns.
He said, "Cryptocurrencies do not meet the requirements that a solid currency should have," adding, "They are too volatile and don't have enough liquidity to be included in reserves."
He continued, "I have questions about the blockchain security that supports cryptocurrencies," emphasizing that "there could be potential bugs or security vulnerabilities."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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