Switzerland Central Bank Chief Says Bitcoin Is An Investment Not A Currency

According to, Falcon Private bank – a Zurich based bank has been given the go-ahead by the Switzerland Financial Market Supervisory Authority to offer Bitcoin Asset Management services. It is noted that Falcon bank would access Bitcoin through Bitcoin Suisse, which is a leading Switzerland Bitcoin and digital currencies broker.

In an interview with CNBC, the CEO of Bitcoin Suisse – Niklas Nikolajsen expressed optimism concerning the integration of Bitcoin by many more banks into their operations shortly.

Contrary to the views of many in Switzerland, the Swiss National Bank Chairman has said that the world’s number one cryptocurrency- Bitcoin is more an asset than a currency. The SNB chairman – Thomas Jordan expressed his reservations about the use of Bitcoin for a financial transaction. The bank chief noted that various central banks around the world are looking to put measures in place that would ensure Bitcoin is kept in check as Bitcoin could affect the legacy financial ecosystem if central banks leave Bitcoin unchecked.

In the words of Niklas Nikolajsen as reported by Reuters, the central bank chief said thus:

“I would look at them more as an investment than a currency. It is important to say it is not a question of technology, but a question of who has access to central bank money and in what form. There are up to now, many unsolved questions”.

Written by Brad Chillum


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