The Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, spoke on Bitcoin during the central bank’s 114th Ordinary General Meeting of Shareholders on Friday in Berne (April 29). The Swiss National Bank (SNB) is not currently interested in holding bitcoin (BTC), although Chairman Thomas Jordan believes this could change swiftly. The SNB was founded in 1907 and has “two head offices, one in Berne and one in Zurich, as well as a branch office in Singapore.” Swiss National Bank Explains Why It Has Not Put Bitcoin on Its Balance Sheet So Far#BTC https://t.co/NVgoTTUVbK — Crypto Bender (@cryptob3nder) April 30, 2022 At meeting General Meeting of Shareholders Jordan says, “Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin. We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet. “But from the current perspective we do not believe bitcoin meets the requirements of currency reserves, that’s why we have until now decided not to have bitcoin on our balance sheet.“ The SNB’s reserves as of December 31, 2021, were just over CHF1 trillion (US$1.03 trillion), according to an annual report released in March. The US dollar accounted for 39% of reserves, the euro for 37%, the Japanese yen for 8%, and the British pound for 6%. Gold reserves were just shy of CHF56 b...
