SNB拒絕建立比特幣儲備

SNB理事委員會主席馬丁·施萊格爾（Martin Schlegel）反對在瑞士財政部建立比特幣保護區的立場

Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank (SNB), has once again shot down the establishment of a Bitcoin (BTC) reserve in the country’s treasury. In an interview with Bloomberg Television in Zurich, he also ruled out any push for the bank to diversify its assets with other cryptocurrencies.

瑞士國家銀行（SNB）理事委員會主席馬丁·施萊格爾（Martin Schlegel）再次擊落了該國財政部建立比特幣（BTC）儲備金。在蘇黎世彭博電視台採訪時，他還排除了對銀行與其他加密貨幣多樣化的資產多樣化的任何努力。

The Swiss central bank chief explained that Bitcoin and other cryptocurrencies are not ideal for foreign exchange reserves. According to Schlegel, they do not align with the SNB’s goal of facilitating monetary policy.

瑞士中央銀行負責人解釋說，比特幣和其他加密貨幣並不是外匯儲量的理想選擇。根據施萊格爾（Schlegel）的說法，他們不符合SNB促進貨幣政策的目標。

“We have no plans to invest in Bitcoin or other cryptocurrencies,” Schlegel said. “We are focused on our mandate to maintain price stability and support the Swiss economy.”

施萊格爾說：“我們沒有計劃投資比特幣或其他加密貨幣。” “我們專注於維持價格穩定並支持瑞士經濟的任務。”

Schlegel also pointed out that cryptocurrencies are poorly suited for value preservation due to their volatility and questioned their network integrity.

Schlegel還指出，由於其波動性，加密貨幣不適合保存價值，並質疑其網絡完整性。

“They are basically software, which makes them vulnerable to bugs,” he added.

他補充說：“它們基本上是軟件，這使它們容易受到錯誤的影響。”

Crypto Initiative

加密計劃

The SNB has no plans to hold Bitcoin or other cryptocurrencies in its reserves despite growing pressure from cryptocurrency advocates.

儘管加密貨幣擁護者的壓力越來越大，SNB仍沒有計劃在其儲備中持有比特幣或其他加密貨幣的計劃。

Last year, they launched an initiative to amend Article 99, Clause 3 of the Swiss Constitution. They proposed that part of Switzerland’s monetary reserves should be in both gold and Bitcoin.

去年，他們發起了一項倡議，以修改《瑞士憲法》第3條第99條。他們建議，瑞士的貨幣儲備應該均以黃金和比特幣為例。

According to the initiative, the legal framework should be amended to allow the Swiss Confederation to hold up to 20 percent of its monetary reserves in Bitcoin. It is an adjustment of a 1990 rule that permits the country to keep a portion of its monetary reserves in gold.

根據該倡議，應修改法律框架，以允許瑞士聯合會在比特幣中擁有多達20％的貨幣儲備。這是對1990年規則的調整，該規則允許該國將其一部分貨幣儲備保留在黃金中。

The proponents have until June 2026 to gather at least a hundred thousand signatures to elevate the initiative to a plebiscite. From there, it’s up to the voters whether they would allow the rule change.

支持者必須直到2026年6月才能收集至少十萬個簽名，以將主動權提升到全民投票。從那裡開始，選民是否允許規則更改。

The initiative comes amid the USA’s ongoing legislative measures to permit a similar policy. Earlier this month, the SNB chairman said they are following the developments closely.

該倡議是在美國正在進行的立法措施中允許類似政策的情況下進行的。本月初，SNB主席表示，他們正在密切關注這些事態發展。

CBDC Pilot Proceeds

CBDC飛行員進行

Despite Schlegel’s firm position against a Bitcoin or crypto reserve, the SNB continues to position itself as a pioneer in central bank digital currency (CBDC).

儘管施萊格爾對比特幣或加密儲備的堅定地位，但SNB仍將自己定位為中央銀行數字貨幣（CBDC）的先驅。

Recently, the central bank greenlit the rollout of the pilot program of its wholesale version on the SIX Digital Exchange.

最近，中央銀行綠化了其批發版本在六個數字交易所的試點計劃的推出。

Today, the financial institution has also posted its annual report highlighting the potential use of a synthetic CBDC. The Swiss central bank defined it as a private tokenized currency backed by its treasury. The program takes inspiration from the UK’s Fnality payment infrastructure launched in 2023.

如今，該金融機構還發布了年度報告，強調了合成CBDC的潛在使用。瑞士中央銀行將其定義為以其財政部支持的私人令牌化貨幣。該計劃從2023年推出的英國Fnality支付基礎設施中汲取靈感。

The SNB is studying this option as an alternative to the distributed ledger technology (DLT) settlement of its tokenized private money. The other methods include the adoption of a wCBDC or a hybrid system integrating the SIX’s Swiss Interbank Clearing (SIC) payment system to the blockchain.

SNB正在研究此選項，以替代其令牌化私人資金的分佈式分類帳技術（DLT）結算。其他方法包括採用WCBDC或混合系統，將六瑞士的瑞士銀行間清算（SIC）支付系統整合到區塊鏈上。