SNB拒绝建立比特币储备

SNB理事委员会主席马丁·施莱格尔（Martin Schlegel）反对在瑞士财政部建立比特币保护区的立场

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.

瑞士国家银行（SNB）理事委员会主席马丁·施莱格尔（Martin Schlegel）再次击落了该国财政部建立比特币（BTC）储备金。在苏黎世彭博电视台采访时，他还排除了对银行与其他加密货币多样化的资产多样化的任何努力。

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.

瑞士中央银行负责人解释说，比特币和其他加密货币并不是外汇储量的理想选择。根据施莱格尔（Schlegel）的说法，他们不符合SNB促进货币政策的目标。

“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.”

施莱格尔说：“我们没有计划投资比特币或其他加密货币。” “我们专注于维持价格稳定并支持瑞士经济的任务。”

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

Schlegel还指出，由于其波动性，加密货币不适合保存价值，并质疑其网络完整性。

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

他补充说：“它们基本上是软件，这使它们容易受到错误的影响。”

Crypto Initiative

加密计划

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

尽管加密货币拥护者的压力越来越大，SNB仍没有计划在其储备中持有比特币或其他加密货币的计划。

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，他们发起了一项倡议，以修改《瑞士宪法》第3条第99条。他们建议，瑞士的货币储备应该均以黄金和比特币为例。

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.

根据该倡议，应修改法律框架，以允许瑞士联合会在比特币中拥有多达20％的货币储备。这是对1990年规则的调整，该规则允许该国将其一部分货币储备保留在黄金中。

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.

支持者必须直到2026年6月才能收集至少十万个签名，以将主动权提升到全民投票。从那里开始，选民是否允许规则更改。

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.

该倡议是在美国正在进行的立法措施中允许类似政策的情况下进行的。本月初，SNB主席表示，他们正在密切关注这些事态发展。

CBDC Pilot Proceeds

CBDC飞行员进行

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).

尽管施莱格尔对比特币或加密储备的坚定地位，但SNB仍将自己定位为中央银行数字货币（CBDC）的先驱。

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

最近，中央银行绿化了其批发版本在六个数字交易所的试点计划的推出。

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，该金融机构还发布了年度报告，强调了合成CBDC的潜在使用。瑞士中央银行将其定义为以其财政部支持的私人令牌化货币。该计划从2023年推出的英国Fnality支付基础设施中汲取灵感。

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正在研究此选项，以替代其令牌化私人资金的分布式分类帐技术（DLT）结算。其他方法包括采用WCBDC或混合系统，将六瑞士的瑞士银行间清算（SIC）支付系统整合到区块链上。