CRYPTO

Authored by Brayden Lindrea via CoinTelegraph.com,

Several Swiss-based Bitcoiners are renewing attempts to get the Swiss National Bank to hold Bitcoin in its reserves by holding a referendum to change the country’s constitution — but they will need to convince more than 100,000 locals to sign a petition first.

Adding Bitcoin to the central bank’s reserves would help protect the country’s “sovereignty and neutrality” in an increasingly uncertain world, said Yves Bennaïm, founder and chairman of 2B4CH, a nonprofit think tank leading the charge. 

However, 100,000 signatures from Swiss nationals are needed within 18 months for a referendum to be held on issues brought about by Swiss nationals or groups — a threshold that plagued 2B4CH’s first attempt in October 2021.

2B4CH first launched the “Bitcoin Initiative” around that time, stating its mission was to add Bitcoin as a reserve currency to Article 99-3 of the Swiss Federal Constitution.

Switzerland boasts a population of 8.77 million, meaning about 1.15% of locals will need to sign the petition.

Source: Remo Uherek

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