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Swiss National Bank sceptical on holding bitcoin in its currency reserves
The Swiss National Bank remains sceptical about buying bitcoins, Chairman Thomas Jordan said on Friday, despite calls from campaigners to change Swiss law and allow cyptocurrencies to be added to its currency reserves. Buying bitcoin to add to the gold, foreign currencies, bonds and shares the SNB holds in its reserves was not without potential downsides like carbon emissions, Jordan said, pointing to the energy consumption of bitcoin mining and transactions. "We have not yet decided that we want to invest in bitcoin. Actually for good reasons," he told the central bank's AGM. "Currency reserves are international ... (full story)