Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a 'Niche Phenomenon' – News Bytes Bitcoin News

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

November 8, 2024

Swiss National Bank (SNB) Chairman Martin Schlegel has expressed caution about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.

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