Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The president of the Swiss National Bank clarified that they have no problem with Bitcoin, pero no consideran que la moneda digital digital technologies are these electronic tools that have the ability to generate, store or even process data. cumpla con los criterios manejados para considerarse como una moneda de reserva. Sin embargo, también señaló que esta no es una perspectiva definitiva, por lo que si cambian de opinión no verían ningún problema en comenzar a adquirir la criptomoneda.
Thomas Jordan, presidente del Banco Nacional Suizo (SNB), indicated that the institution has no intention of holding reserves in Bitcoin, precisely because the digital currency currency is a medium of exchange that defines value. does not conform to the provisions handled by the agency to be considered a reserve currency.
Swiss National Bank does not plan to keep reserves in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions.
The declarations of the president of the SNB came to place during the annual meeting held by the agency today, where Jordan revealed that since the bank does not consider that Bitcoin is a good option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. as a reserve currency, mainly because its characteristics still do not make it an asset that is conducive to these purposes, this despite the fact that they do not have a bad perspective of the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. as such.
In this regard, Jordan added that for the bank this is not a definitive position, so if at some point they change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. their mind, the SNB I would have no problem buying Bitcoin or have greater exposure to digital currency directly or indirectly.
These comments come at a time of particular economic stress among several of the world’s most prominent economies, which are facing rising inflationary levels as a result of the effects left by the pandemic by COVID-19 that spread a price difference between asking and selling prices of the asset. over these last two years in addition to the current international scenario. Take for example the case of the US, a country that for the first time recorded a strong quarterly contraction this 2022, whose gross domestic product decreased by 0.4% during this period.
In the face of the latter, many enthusiasts and analysts argue that it is appropriate for the world’s economies to begin to consider the idea of holding reserves of Bitcoin, especially given the threats of rising inflation a general increase in prices and fall in the purchasing value of money. and possible recession, especially given the possibility of armed conflict beyond Ukraine’s borders in the face of Russia’s posturing against coalitions of countries.
Switzerland and its friendly stance towards Bitcoin
While it is clear that the SNB has no plans to shelter part of its assets in Bitcoin, this does not mean that the entity and/or the country has a bad stance towards digital currency. In fact, Switzerland still ranks as one of the most friendly nations towards digital currency. BTC and cryptocurrencies, as it has adapted and adopted measures to enable residents and businesses to better operate cryptocurrencies at the local and regional level.
Last February 2021, the country passed a crypto law establishing comprehensive provisions and regulations for the nascent market, which has made companies in the sector see Switzerland as a region to bring their business to.
A nivel particular, Zug destaca como una de las ciudades con una de las jurisdicciones más amigables para el sector cripto, mientras que el cantón de Lugano ya adoptó a Bitcoin y a Tether as legal tender.
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Version by Angel Di Matteo / DiarioBitcoin
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