Marketing campaign requires constitutional modification that may drive central financial institution to maintain cryptocurrency
The Swiss Nationwide Financial institution (SNB) is going through a renewed marketing campaign to drive it to carry bitcoin as a part of its reserves.
A clause in Switzerland’s structure requires the SNB to carry a part of its reserves in gold. Supporters of a brand new initiative need the clause modified to “in gold and bitcoin”.
The “bitcoin initiative” was submitted to the Swiss Federal Chancellery on December 5 and printed on December 31. Its supporters now have 18 months to gather at the very least 100,000 signatures from Swiss residents who
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