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Swiss Bitcoin Reserve Campaign Set to Fail After Falling Short on Signatures
A campaign to require the Swiss National Bank to hold bitcoin in its reserves is set to lapse after failing to collect enough signatures to trigger a national referendum. The Bitcoin Initiative sought to amend Switzerland’s constitution so that the central bank would hold bitcoin alongside gold and foreign currency reserves. Swiss authorities gave campaigners 18 months to gather 100,000 signatures, but organizers said they had collected only about half the required number with a few weeks remaining. “We knew from the beginning that it was a long shot,” campaign founder Yves Bennaim told Reuters. “For now, we ... (full story)