On April 26, Coindesk reported that Swiss National Bank refused to hold Bitcoin reserves on its grounds for concerns about liquidity and volatility in the cryptocurrency market.
"For cryptocurrencies, market liquidity, even if sometimes it looks good, is naturally questioned during the crisis. Cryptocurrencies are also known for their high volatility, which poses a risk for long-term value preservation. In short, it can be said that cryptocurrencies are not currently meeting the high requirements of our currency reserves."
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