瑞士国家银行（SNB）在加密货币和气候活动家的压力下

瑞士的加密货币倡导者加紧说服瑞士国家银行（SNB）在其外国储备中持有比特币。

Cryptocurrency advocates in Switzerland are intensifying their efforts to persuade the Swiss National Bank (SNB) to include Bitcoin in its foreign reserves.

瑞士的加密货币倡导者正在加剧他们说服瑞士国家银行（SNB）将比特币纳入其外国储备中的努力。

The campaign, which began in December 2024, aims to collect 100,000 signatures for a constitutional amendment that would require the SNB to hold Bitcoin alongside gold.

该活动始于2024年12月，旨在收集100,000个签名，以进行宪法修正案，该修正案将要求SNB与黄金一起持有比特币。

The initiative has sparked heated discussions at the annual general meeting (AGM) of the SNB, where supporters and critics clashed over the economic and environmental implications of such a move.

该倡议在SNB的年度股东大会（AGM）上引发了激烈的讨论，支持者和批评家就这种举动的经济和环境影响发生了冲突。

As Bitcoin Campaign Heats Up, SNB Chairman Highlights Cryptocurrency Risks

随着比特币运动的升温，SNB主席突出了加密货币风险

Luzius Meisser, a board member of Bitcoin Suisse and a leading voice in the campaign, highlighted the importance of Bitcoin as a protection against inflation arising from government debt spending.

瑞士比特币的董事会成员Luzius Meisser，竞选活动中的领先声音强调了比特币的重要性，以保护政府债务支出引起的通货膨胀。

"The U.S. is in a bubble, and they're exporting inflation to the rest of the world," Meisser asserted during the AGM.

“美国正处于泡沫状态，他们正在向世界其他地区出口通货膨胀，”迈瑟（Meisser）在年度股东大会期间断言。

He pointed out that Switzerland maintains its foreign reserves portfolio mainly in U.S. dollars and euros, exposing it to geopolitical risks and monetary policy changes.

他指出，瑞士维持其外国储备金的投资组合主要是美元和欧元，将其暴露于地缘政治风险和货币政策变化。

"If the U.S. decides to introduce negative interest rates again, we'll have to pay to keep the money," Meisser added.

米瑟补充说：“如果美国决定再次引入负利率，我们将不得不付款以保留这笔钱。”

The supporters of the initiative also emphasized Switzerland's emerging role as a center for blockchain innovation, citing developments such as Ethereum's origins in Zug, now widely known as "Crypto Valley."

该倡议的支持者还强调了瑞士作为区块链创新中心的新兴角色，理由是以太坊的起源在Zug，现在被广泛称为“加密河谷”。

According to a study by Lucerne University of Applied Sciences and Arts, approximately 11% of Switzerland's population holds cryptocurrency assets.

根据卢塞恩应用科学与艺术大学的一项研究，瑞士大约有11％的人口持有加密货币资产。

SNB Remains Skeptical Despite Rising Support

尽管支持上升，但SNB仍然持怀疑态度

However, the Swiss National Bank remains skeptical of cryptocurrency adoption.

但是，瑞士国家银行仍然对采用加密货币持怀疑态度。

During his address at the AGM, Chairman Martin Schlegel expressed the institution's concerns about Bitcoin, including price volatility, software vulnerabilities, and unstable liquidity.

在股东周年大会上的讲话中，主席马丁·施莱格尔（Martin Schlegel）表示，该机构对比特币的担忧，包括价格波动，软件漏洞和不稳定的流动性。

"We have no instrument to intervene if the market malfunctions or if there's a run on a stablecoin," Schlegel stated.

施莱格尔说：“如果市场出现故障或稳定币奔跑，我们没有工具可以干预。”

Moreover, Schlegel highlighted the possibility of a complete loss of funds in the event of software errors or cyberattacks. He noted that the SNB is currently unable to accept Bitcoin in payment for its operations.

此外，Schlegel强调了在软件错误或网络攻击时完全损失资金的可能性。他指出，SNB目前无法接受比特币的运营付款。

"The software is decisive for cryptocurrencies, and that exposes them to possible system weaknesses and cyber threats," Schlegel mentioned during his interview with Tages-Anzeiger in March.

Schlegel在3月对Tages-Anzeiger采访时说：“该软件对加密货币具有决定性的作用，这使它们面临可能的系统弱点和网络威胁。”

The SNB's handling of climate change investments also came under scrutiny at the AGM. Members of Climate Alliance Switzerland protested outside the meeting to demand that the central bank withdraw from financing businesses that contribute to environmental damage.

SNB对气候变化投资的处理也受到了股东大会的审查。瑞士气候联盟的成员在会议外抗议，要求中央银行退出造成环境损害的企业的融资。

The protest focused on firms that University College London research showed caused sustained ecological destruction in areas like the Amazon rainforest and Brazil's Cerrado.

抗议活动的重点是伦敦大学研究所研究表明，在亚马逊雨林和巴西的塞拉多等地区造成了持续的生态破坏。

"We're protesting because the Swiss National Bank is investing in climate-relevant companies without setting any standards," said Asti Roesle from Climate Alliance Switzerland at the shareholders' meeting.

“我们之所以抗议，是因为瑞士国家银行正在对与气候相关的公司进行投资，而没有设定任何标准，”瑞士气候联盟瑞士的阿斯蒂·罗伊尔（Asti Roesle）在股东会议上说。

According to Roesle, the SNB's long-term responsibilities are compromised due to neglect of climate risk. She highlighted Switzerland's evident climate issues, including glacier melt and destructive weather patterns resulting in landslides and economic damage.

根据Roesle的说法，由于忽视气候风险，SNB的长期责任受到损害。她强调了瑞士的明显气候问题，包括冰川融化和破坏性的天气模式，导致滑坡和经济损失。

"The extreme weather events are also economically relevant and will continue to worsen if we don't take action," she added.

她补充说：“极端天气事件在经济上也是相关的，如果我们不采取行动，将继续恶化。”

The fate of the cryptocurrency initiative now depends on the collection of sufficient signatures for a referendum. If successful, it would mark the first instance globally of mandating a central bank to hold Bitcoin through constitutional reform.

现在，加密货币计划的命运取决于公投的足够签名。如果成功的话，这将标志着全球范围的第一个实例，要求中央银行通过宪法改革持有比特币。

Campaigners, such as Yves Bennaim from the Bitcoin Initiative group, stressed that a modest 1–2% allocation of the SNB's nearly 1 trillion Swiss franc reserve could provide a hedge against monetary debasement without significantly increasing volatility risks.

比特币倡议小组的伊夫·本尼姆（Yves Bennaim）等活动家强调，对SNB近1万亿瑞士法郎储备的1-2％分配适中，可以为货币贬值提供对冲，而不会显着增加波动风险。

"We're not asking for much," Bennaim asserted during the protest.

抗议期间，本纳姆断言：“我们没有要求太多。”

Meanwhile, environmental activists pressured the SNB to implement tighter investment guidelines. They campaigned for an investment model resembling Norway's sovereign wealth fund, which actively works with companies to set climate standards.

同时，环保主义者向SNB施加压力，要求实施更严格的投资准则。他们竞选类似于挪威的主权财富基金的投资模式，该基金与公司积极合作以制定气候标准。

According to critics, the SNB's current passive investment strategy complicates environmental degradation despite its policy of excluding companies that cause severe environmental harm.

根据评论家的说法，尽管SNB目前的被动投资策略使环境降低复杂化，尽管其政策排除了造成严重环境伤害的公司。

"The thinking behind the Norwegian model is that we can use our shares of voice to exert influence on the companies to become more sustainable," explained Stefan Zingli, spokesperson for the environmental organization Helti.

“挪威模式背后的思想是，我们可以利用语音份额对公司发挥影响力，从而变得更加可持续，”环保组织Helti的发言人Stefan Zingli解释说。

The SNB states that its strategic focus prioritizes inflation control and maintaining market neutrality instead of targeting particular sectors.

SNB指出，其战略重点优先考虑通货膨胀控制和维持市场中立，而不是针对特定部门。

However, with the growing support from cryptocurrency advocates and environmental activists, the debates over the selection of the SNB's investment strategy are likely to escalate in the coming months.

但是，随着加密货币倡导者和环境活动家的支持越来越大，关于SNB投资策略选择的辩论很可能在未来几个月内升级。