Swiss National Bank (SNB) Chairman Thomas Jordan has said that central banks are intensively working on issues of cryptocurrencies, Reuters reported.
Speaking at an event in Basel, Mr. Jordan said he’s cautious about cryptocurrencies.
“I would look at them more as an investment than a currency," he noted.
“It is important to say it is not question of technology, but a question of who has access to central bank money and in what form. There are up to now many unsolved questions,” Mr. Jordan said.
According to him, cryptocurrencies can potentially strongly affect the financial system and believes it is very important that central banks looked carefully at the issue.
Earlier, Jordan said the goal of SNB’s policy remains to reduce pressure on the Swiss franc and make franc investments less attractive, adding that the franc remained “highly valued” despite a recent weakening of the currency.