Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

Swiss Nationwide Financial institution (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as unstable and energy-intensive, and highlighting hyperlinks to unlawful actions that complicate regulation. Talking at an occasion hosted by Aargauische Kantonalbank in Brugg, Switzerland, Schlegel famous that, whereas digital currencies have seen important development, they continue to be a “area of interest […]



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