The Swiss non-profit think tank 2B4CH proposed making bitcoin one of the reserve assets of the Bank of Switzerland and reflecting this in the country’s Constitution.
2B4CH was founded in Geneva in 2017. She conducts research on how cryptocurrencies and blockchain can affect society, and what changes they can make to the financial sector. 2B4CH
announced on Twitter about the launch of a “popular initiative” aimed at collecting 100,000 signatures for amending article 99, paragraph 3, of the Swiss Constitution.
Specifically, 2B4CH proposes that the Swiss central bank can store bitcoin as a reserve asset alongside gold. At the same time, the founder and chairman of 2B4CH Yves Bennaim (Yves Bennaim) is not sure that the regulator will agree with this proposal. Now 2B4CH is only testing citizens’ interest in this initiative. Even if there are not enough signatures, Bennaim said there will be discussions on this issue aimed at informing local citizens about Bitcoin, which will already be a success. If the initiative is successful, Switzerland will become a model example for other countries.
“If the vote goes well, the Swiss National Bank will have to learn how to add bitcoin to its reserves and store it safely. This will make Switzerland one of the leading countries in the cryptocurrency industry and will contribute to the multilevel development of the country’s economy, ”Bennaim said.
Switzerland has long been loyal to cryptocurrencies. In the Swiss canton of Zug, you can pay taxes in BTC and ETH, and many cryptocurrency companies are also registered there. The Financial Markets Supervision Agency (FINMA) recently approved the launch of the Crypto Market Index Fund, the first cryptocurrency fund to operate under Swiss law.
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