Swiss National Bank chair Schlegel was speaking at an event in Brugg, Switzerland, on Thursday.
- physical cash to retain an important role in the Swiss payments system
- virtual currencies "remain a niche phenomenon"
- strong fluctuation in values that meant they were not practical for payments
- required a huge amount of energy
- were also linked to illegal activities and were difficult to police
Via Reuters, more at the link here.
Martin Schlegel
