The post Swiss Bitcoin Reserve Campaign Fails to Reach Referendum Threshold appeared first on Coinpedia Fintech News
A campaign pushing the Swiss National Bank to hold Bitcoin in its reserves is expected to lapse after supporters failed to gather the 100,000 signatures required for a national referendum. According to Reuters, crypto advocates collected only around half the needed signatures. The Swiss National Bank has repeatedly opposed the proposal, arguing that cryptocurrencies remain too volatile and lack sufficient liquidity to meet the standards required for national reserve assets.