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According to local media reports, Swiss National Bank (SNB) Governor Martin Schlegel rejected the idea of Bitcoin as a SNB reserve, citing a lack of stability, liquidity and security. In an interview with Tamedia Group, Schlegel listed three main concerns surrounding cryptocurrencies. The first is the volatility of cryptocurrencies, which he believes makes them unsuitable for long-term preservation of value.
Switzerland's January trade balance 6.124 billion Swiss francs, with the previous value revised from 3.494 billion Swiss francs to 3.48 billion Swiss francs.
According to a report by Jin Ten, Swiss National Bank Governor Schlegel said that he does not see the need to launch a retail central bank digital currency.
Brian Armstrong, chief executive of Coinbase, said at the Davos forum in Switzerland in 2025: "Bitcoin is a good counterweight to deficit spending and inflation because once things get out of hand, people will turn to Bitcoin for safety."
Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar. At the same time, falling bond yields, the prospect of further interest rate cuts by the European Central Bank, and concerns about high debt level...
PostFinance AG, a Swiss state-owned bank, has expanded its digital asset offering by introducing staking, allowing holders of ether to earn passive income. PostFinance will add staking of other tokens "in the near future," according to a statement on Thursday.
On January 2nd, according to bitcoin advocate Dennis Porter, Swiss lawmaker Samuel Kullmann is promoting efforts to include bitcoin in the Swiss constitution. The plan requires collecting 100,000 signatures within 18 months to force cantons (cantonal assemblies) to vote on bitcoin as part of the constitution. Although this proposal faces challenges, if it successfully collects enough signatures, it will prompt all cantonal assemblies to learn more about bitcoin. Previously, the Swiss federal gov...
Swiss National Bank Governor Schlegel: If monetary policy needs to be further relaxed, interest rate cuts remain the main tool.
SNB President Schlegel: The SNB remains willing to intervene in the foreign exchange market if necessary.
Bitcoin Suisse founder Niklas Nikolajsen, who is worth 200 million to 300 million Swiss francs, predicted that the price of bitcoin will continue to rise, possibly even reaching "seven figures". In an interview, Nikolajsen criticized Swiss cryptocurrency regulation and politics, and praised the United States under incoming President Trump as a pioneer. He added: "I'm one of the few...
Swiss blockchain reconciliation and crypto payments company Holyheld has completed a new round of financing, with Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, Moonlanding Ventures, and others participating. The specific amount of financing has not been disclosed yet. The new funds are intended to support its construction of BRRR protocols, which aim to connect public blockchain networks, traditional payments, and card networks to create...
The US PMI data was better than expected, and the dollar rose to 1% against the Swiss franc USD/CHF in the day, now at 0.8956. In addition, Swiss National Bank Governor Schlegel said that the possibility of negative interest rates cannot be ruled out.
Swissquote Bank has said that bitcoin has risen to a new all-time high, buoyed by expectations that US President-elect Trump will support the cryptocurrency industry. Swissquote analyst Ipek Ozkardeskaya said in a report that Trump may remove the scepticism of government entities towards cryptocurrencies and replace them with crypto-friendly regulators that will allow the industry to thrive in the United States. With a comprehensive and solid policy, banks can more easily...
The governor of the Swiss National Bank has said that further interest rate cuts may be necessary in the coming quarters to maintain price stability.
BITCOINLFG posted on the X platform that the $300 billion Swiss state-owned cantonal bank has launched bitcoin and cryptocurrency products.
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