Ah, the Swiss National Bank! An institution as pristine as their chocolate, yet as cautious as a cat on a hot tin roof. Governor Martin Schlegel, in a dazzling display of prudence, reaffirmed the venerable central bank’s staunch opposition to inviting Bitcoin and its merry band of digital companions into their foreign exchange reserves. 🍫
that wild volatility of digital assets? Not exactly a match made in banking heaven! 🌪️
Returning to his earlier sentiments, which he lovingly revisited like an old photo album, Schlegel noted at a fabulous November 2024 shindig that cryptocurrencies are akin to trendy fashion fads—here today, gone tomorrow. Labeling Bitcoin and Ethereum as niche spectacles of a carnival gone haywire, he cautioned against their unsuitability for payment due to their notorious mood swings. 💃
Adding a touch of drama to the affair, he waved away concerns regarding the energy guzzling of cryptocurrency operations and their questionable associations akin to that one friend who shows up to the party uninvited. Regulating such assets, it seems, is like trying to herd cats! 🚫🐱
Switzerland and Blockchain Innovation
Meanwhile, Switzerland, ever the party-goer in the land of blockchain innovation, continues to dance to a different tune. Despite the SNB’s reluctance to embrace digital assets, our snowy wonderland remains a lighthouse for blockchain enthusiasm, attracting all manner of curious souls. 🎉
In a move so bold it could be a scene from a never-ending Swiss drama, the Swiss subsidiary of the Stuttgart Stock Exchange, BX Digital, recently strutted onto the stage, receiving approval from the Swiss Financial Market Supervisory Authority to operate their snazzy blockchain-based trading system. 🚀
This dazzling platform allows for asset transfers more efficiently than a Swiss watch, employing Ethereum’s blockchain tech to eliminate intermediaries, slashing transaction times and costs. If only my tax returns were as straightforward! 💰
As if that weren’t enough, Nexo went ahead and expanded its Nexo Card to Switzerland and Andorra on February 11 as part of its grand 2025 Growth Plan—because who doesn’t want a card that swears it can be both debit and credit? This wonder card has notched up a dazzling 62% adoption rate among those lucky enough to be in the European Economic Area. Talk about a successful launch party! 🥳
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2025-03-20 16:23