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Switzerland Abandons Campaign to Add Bitcoin to National Bank Reserves
A campaign to mandate Bitcoin holdings within Switzerland’s central bank reserves has officially ended after organizers failed to collect sufficient signatures for a referendum. The proposal would have amended Switzerland’s constitution to require the Swiss National Bank to maintain Bitcoin alongside its traditional holdings of gold and foreign currencies. Campaign leaders managed to secure roughly 50,000 signatures—only halfway to the legally mandated 100,000 needed to trigger a public vote. The Bitcoin Initiative received an 18-month window to mobilize public backing for the constitutional revision. With just ... (full story)