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Swiss National Bank Will Not Offer Exposure to Cryptocurrencies: Chairman Explains Why

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Fri, 30/04/2021 - 10:26
Swiss National Bank Will Not Offer Exposure to Cryptocurrencies: Chairman Explains Why
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According to the Bloomberg Terminal, SNB Chairman Thomas J. Jordan has stated that the Swiss National Bank will not be offering cryptocurrency investments to its clients.

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The reason is that cryptocurrencies are not liquid enough. Back in 2017, however, Jordan did consider crypto an investment asset and not a currency.

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Some commentators have issued a public reminder that Tesla sold 10 percent of its Bitcoin holdings in Q1 this year in order to test Bitcoin liquidity, according to a recent tweet by Elon Musk.

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Cardano Developer IOHK Announces Major Partnership in Tanzania

The CEO assured his opponent in that debate, Dave Portnoy, that he had not sold any of his BTC, though.

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