Defenders of a referendum which would require the Swiss National Bank (SNB) To hold Bitcoin in its reserves would have seen an opportunity in the middle of the current economic agitation caused by American prices.
Supporters of Bitcoin Initiative said that turmoil shows how important it is that SNB diversifies its reserves, Reuters reported Thursday April 24).
“Bitcoin outfit makes sense when the world moves to a multipolar order, where the dollar and the euro weaken”, ” Luzius MeisserMember of the board of directors of the cryptocurrency broker Swiss bitcoin And supporter of the referendum, said in the report.
The referendum campaign was launched in December and aims to add the requirement of Bitcoin to the Swiss Constitution, according to the report.
Currently, the SNB does not contain any bitcoin and three quarters of its foreign currency assets are in dollars and euros, depending on the report.
The defenders of the referendum claim that Bitcoin Holdings would reduce the political influence on the value of SNB currency assets, reduce the temptation that politicians consider printing money to finance their plans and provide the bank an asset that increases in value, according to the report.
The SNB is skeptical about Bitcoin, pointing to cryptocurrency price jumps, liquidity problems and security risks, according to the report.
SNB president Martin Schlegel told a Swiss newspaper in March, according to the report: “Cryptocurrencies are essentially software. And we all know that software can often have bugs and other vulnerabilities. ”
Switzerland has experienced projects related to digital assets.
For example, the country has moved digital active Adoption under the Great Swiss Distributed Book Technology Act (DLT), which allows token titles and digital asset trading, Pymnts reported in February.
In July, it was reported that the Swiss National Bank was ready to extend its digital currency project.
“We would like to see a project that is developing, with more banks that join and a higher volume of transactions”, governing the member of the Board of Directors Antoine Martin said in July during a forum in Zurich.
In May, it was reported that the central bank already run a pilot who used a large Central Bank digital cure (CBDC) and managed to pay four tokenized bond emissions and a secondary market transaction.
