The Australian government does not plan to create a strategic crypto reserve. Instead, it is planned to strengthen supervision in this area and develop a clear regulatory framework.
The Swiss National Bank (SNB) also decided not to include bitcoin in its financial reserve. SNB President Martin Schlegel explained this decision by the fact that cryptocurrencies do not meet the necessary characteristics of a reliable asset due to high volatility, low liquidity, and security issues. At the same time, the Australian government has announced that it does not plan to create a strategic crypto reserve. Instead, the country’s authorities decided to actively develop a regulatory framework for cryptocurrencies.
Meanwhile, Czech National Bank Governor Aleš Michl, who spoke about plans to add bitcoins to the country’s foreign exchange reserves shared update. According to him, bitcoin is a high-risk asset for professional investors who are aware of all the risks. The Board of the central bank approved his proposal to analyze options for investing in additional asset classes. Based on the results of the analysis, the Board will then decide on further actions.
Meanwhile, on March 7, Donald Trump is expected to reveal details about cryptocurrency reserve during a special summit to be held at the White House.
Sources: Swissinfo, Cointelegraph
Spelling error report
The following text will be sent to our editors: