<ul><li>Switzerland's central bank, the Swiss National Bank (SNB), has rejected the proposal to hold part of its reserves in bitcoin due to the cryptocurrency's volatility and lack of essential currency characteristics.</li><li>Australia's government has clarified that it has no plans to establish a strategic crypto reserve, instead focusing on regulatory framework development.</li><li>Both central banks cited concerns over cryptocurrency volatility, liquidity, and security as reasons for not incorporating crypto into their reserves.</li><li>Despite the SNB's rejection, cryptocurrency advocates in Switzerland continue to push forward with the 'Bitcoin Initiative' to require the allocation of reserves to Bitcoin alongside gold.</li></ul>

Switzerland And Australia Are No Longer Interested In A Strategic Crypto Reserve

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