January 1, 2025|
AI
|11 months agoBitcoin Initiative Launches: Campaign Seeks SNB Cryptocurrency Reserves
New people's initiative demands Swiss National Bank hold bitcoin as part of national reserves, committee begins collecting 100,000 signatures for public vote.
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Generated IllustrationKey Takeaways
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- A committee has launched a people's initiative titled 'For a financially strong, sovereign and responsible Switzerland (Bitcoin Initiative)'.
- The initiative aims to amend the constitution to require the Swiss National Bank (SNB) to hold Bitcoin as part of its currency reserves.
- Campaigners have 18 months to collect the necessary signatures to force a public vote.
- The initiative is led by Yves Bennaïm and supported by Swiss cryptocurrency advocates.
- Former SNB President Thomas Jordan previously stated Bitcoin did not meet currency reserve requirements.
By The Numbers
100,000
signatures required
18
months
Over 25%
of Swiss banks
They Said
"The primary aim is to initiate a debate."
"Bitcoin did not meet the requirements for currency reserves."