Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank

Swiss Bitcoin Reserve Push Dead After Signature Campaign Falls Short – CryptoGazette

A high-profile campaign to compel the Swiss National Bank to hold Bitcoin alongside gold and foreign-currency reserves has quietly collapsed — not from a referendum defeat, but from a failure to collect enough public signatures to even reach a vote. The Bitcoin Initiative, as organizers called it, needed 100,000 valid signatures to trigger a national referendum under Swiss direct democracy rules. It fell roughly 50,000 short. The announcement ca…

Swiss Bitcoin Reserve Proposal Fails Amid Low Support

The Swiss Bitcoin reserve referendum, which was trying to force the establishment of a Bitcoin reserve at the country’s central bank, has come to an end due to a lack of support from the people of the country, according to a Reuters report. The organizers aimed to amend the constitution by making it mandatory for […]

Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank

Campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days The Swiss...

Bitcoin reserve campaign in Switzerland falls 50 percent sho

🪙 Switzerland’s $BTC reserve campaign ended with only 50,000 signatures. Campaigners aimed to mandate bitcoin and gold in SNB reserves. Continue Reading:Bitcoin reserve campaign in Switzerland falls 50 percent short The post Bitcoin reserve campaign in Switzerland falls 50 percent short appe...