Swiss central bank bitcoin reserve push fails over signature shortfall
CoinDesk
A campaign to force the Swiss National Bank to add bitcoin to its reserves has ended after failing to gather enough signatures.Summary
A grassroots initiative aimed at amending the Swiss constitution to require the Swiss National Bank (SNB) to include bitcoin in its monetary reserves has officially failed. Organizers managed to collect only about half of the 100,000 signatures required to trigger a national referendum within the 18-month deadline. Supporters had argued that bitcoin would serve as a neutral hedge against the bank's heavy reliance on dollar and euro-denominated assets. However, the SNB has previously rejected the proposal, citing concerns regarding the cryptocurrency's liquidity and price volatility.
(Source：CoinDesk)