The U.S. has set a global example with its strategic Bitcoin (BTC) reserve actions. However, some nations maintain a strict stance toward BTC and cryptocurrencies—Switzerland being one of them. The Swiss National Bank (SNB) has firmly closed its doors to Bitcoin and crypto purchases.
SNB’s Stance on Bitcoin Purchases
Martin Schlegel, Chairman of the _Swiss National Bank (SNB)_, told Bloomberg that the bank has no plans to buy Bitcoin or other cryptocurrencies. Schlegel cited high volatility, instability, and regulatory concerns, emphasizing that SNB’s foreign reserves should exclusively support monetary policy.
“We have no plans to purchase Bitcoin or any other cryptocurrency. Cryptocurrencies fail to meet criteria like value preservation or benefiting national monetary policy.”
“Digital currencies are highly volatile, making their value uncertain. Additionally, they’re error-prone since they’re fundamentally software.”
Pushback from Crypto Advocates
Despite SNB’s resistance, a Swiss initiative could force reconsideration. If crypto supporters gather 100,000 signatures by June 2026, the government must draft regulations for BTC/crypto purchases.
FAQ Section
Q: Why won’t the SNB buy Bitcoin?
A: The SNB cites volatility, regulatory risks, and cryptocurrencies’ inability to meet monetary policy standards.
Q: Could Switzerland change its stance?
A: Yes—if a public initiative secures enough signatures, the government must address crypto purchases legally.
Q: How does Switzerland’s approach compare to the U.S.?
A: Unlike the U.S.’s pro-BTC reserve strategy, Switzerland prioritizes traditional monetary tools over crypto.
Key Takeaways
- Core Keywords: Swiss National Bank, Bitcoin reserve, cryptocurrency regulation, SNB Chairman Martin Schlegel, Switzerland crypto policy, BTC volatility.
- Policy Context: Switzerland’s conservative stance contrasts with global trends, but public pressure may shift its approach.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice.