Swiss Bitcoin Reserve Campaign Lapses After Missing Referendum Signature Threshold
Swiss cryptocurrency advocates are dropping a campaign that sought to require the Swiss National Bank to hold Bitcoin in its reserves after gathering only about half of the 100,000 signatures needed to trigger a national referendum.
The Swiss National Bank had opposed the proposal, saying cryptocurrencies are too volatile and insufficiently liquid to meet its reserve requirements.
From the sources (2 posts)
@wublockchainSwiss Bitcoin Reserve Campaign to Lapse After Failing to Secure Enough Signatures Reuters reported that Swiss cryptocurrency advocates will drop a campaign to require the Swiss National Bank to hold Bitcoin in its reserves, after securin
@cryptotimes_ioJUST IN: Switzerland’s campaign to require the Swiss National Bank to hold Bitcoin reserves is reportedly set to lapse after failing to gather enough signatures for a national referendum, per Reuters. The SNB has opposed the proposal, citi