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Swiss National Bank Chairman: Bitcoin is an investment, not a currency



The SNB chairman commented today on cryptocurrencies.
At an event in Basel, Thomas Jordan, chairman of the Counterfeiting Prevention Group at the Central Bank (CBCDG), said the central bank is watching the issue of cryptocurrencies closely and added:

I think they are an investment, not a currency.
Jordan pointed out:

It is necessary to explain that this is not a technical issue, but rather who owns the issue of central bank currency use and control. There are still many problems to be solved.
He further said that the central bank must consider the possible impact of cryptocurrencies on the financial system.

This is not the first time a central bank official has published a comment on this technology.
At the Sibos (International Bank Operations Symposium) in Switzerland last year, he mentioned that the underlying technology blockchain could revolutionize the financial industry.

At that time, he also revealed that they are exploring the future of blockchain and distributed ledgers with market participants, regulators and other central banks who think the key advantage of this technology is cutting costs.