Swiss Initiative Seeks Bitcoin Reserves for Economic Autonomy
April 23, 2024Yves Bennaim and 2B4CH are spearheading an initiative to amend the Swiss constitution, aiming to mandate the Swiss National Bank to add Bitcoin to its reserves.
The proposal is endorsed by experts like Luzius Meisser and is designed to bolster Switzerland's economic independence and neutrality.
Incorporating Bitcoin into national reserves is seen as a way to reduce reliance on traditional assets and diversify economic risk.
A crucial meeting with the Swiss National Bank is scheduled for April 26th, which could mark a significant shift towards financial self-reliance.
The initiative reflects a growing recognition of cryptocurrencies in global finance, signaling a potential shift in Switzerland's monetary strategy.
The move follows a 2022 recommendation for the Swiss National Bank to invest in Bitcoin rather than German government bonds.
Summary based on 7 sources
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Sources
CCN.com • Apr 22, 2024
Bitcoin Needs 100,000 Signatures for Switzerland Central Bank Reserve VoteCryptonews • Apr 22, 2024
Swiss Bitcoin Advocates Launch Petition Urging National Bank to Hold BTC Reservescrypto.ro global • Apr 22, 2024
Swiss National Bank Pressured by Activists to Include Bitcoin in Reserves • crypto.roCointribune • Apr 22, 2024
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