Swiss Central Bank Urged to Add Bitcoin to Balance Sheet

  • 📰 BitcoinMagazine
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News

Coin Coin Latest News,Coin Coin Headlines

A group of Bitcoin advocates in Switzerland are urging the country's central bank to add Bitcoin to its reserves. They aim to hold a referendum to amend the constitution to require Bitcoin reserves.

A group of Bitcoin advocates in Switzerland have launched a campaign to convince the Swiss National Bank to add Bitcoin to its balance sheet.

"We are in the process of completing the organizational preparations for the committee and preparing the documents that must be submitted to the State Chancellery in order to start the process," Bennaïm stated. Meisser believes adopting Bitcoin could make Switzerland billions; he previously advised the SNB to allocate over $1 billion monthly to BTC instead of German bonds. However, SNB Chair Thomas Jordan has thus far resisted, claiming Bitcoin does not meet the reserve criteria.Joana Cotar

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 461. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Bitcoin-hating European Central Bank isn't doing much to stop scammersThe European Central Bank is too busy attacking Bitcoin to worry about the myriad of real scams perpetrated by con artists in the industry.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Fiji central bank warns against crypto use, disappointing Bitcoin hopesThe Reserve Bank of Fiji has released a warning to the island nation’s residents against the use of cryptocurrency for payment or investment.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »