Will Swiss Bank Buy Bitcoin?
While a major portion of leading investment banks are eyeing cryptocurrency investments, will Switzerland’s Central Bank follow suit? The Vice President of Swiss Bank, Martin Schlegel was asked if the institution plans to keep Bitcoin in its reserves. The question comes after US President Donald Trump showed interest this year in diversifying the reserves with leading cryptocurrencies. The mounting international attention towards BTC is making larger financial institutions take note of the broader cryptocurrency market. Also Read: How Much Bitcoin (BTC) Does North Korea Hold? Bitcoin: Will the Swiss Bank Start Buying BTC? Source: Reuters During an interview with Bloomberg Television, Schlegel confirmed that Swiss Bank has no plans of acquiring Bitcoin. “We do not have plans to buy crypto assets,” he said emphasizing that the institution is focused only on fiat. Schlegel stressed that digital assets have no monetary policies and only run on software that can be subject...