Swiss think tanks vote to add Bitcoin to the Federal Constitution

2B4CH, a Swiss non-profit think tank, assisting the country in exploring cryptocurrencies such as Bitcoin (Bitcoin) And blockchain technology, is launching a plan that may make Bitcoin one of the country’s reserve assets.

On October 8, the Association Announce It is planned to launch a federal popular initiative aimed at collecting 100,000 signatures in order to introduce Bitcoin into Article 99, paragraph 3 of the Swiss Federal Constitution.

The initiative specifically proposes to add Bitcoin to the list of assets held by the Swiss Central Bank, which will make the constitutional provisions as follows: “The Swiss National Bank shall create sufficient currency reserves from its income; part of these reserves shall be gold and Bitcoin Form hold.”

However, the success of the vote is not important because the focus of the initiative is to collect signatures in order to submit the proposal to the Swiss referendum, Yves Bennaim, the founder and chairman of 2B4CH, told Cointelegraph.

“If the signature collection is successful, voting will be conducted in accordance with the law, as will the dialogue and debate, and ultimately provide better information and education for everyone in Switzerland and the world, just like the example we set,” Bennaim said. “We hope that the voting can be successful, but even if it is not successful, if this topic is brought to the public debate, it is already a success,” he pointed out.

If the vote is successful, the Swiss National Bank (SNB) will need to learn how to add Bitcoin to its reserves, holding it in the “best and safest way”, which will make Switzerland one of the world’s leading countries in the industry. Bennaim stated that it benefits its economy on many levels, adding:

“This addition to the constitution will affect the people of Switzerland, just as Silicon Valley and the London Stock Exchange benefit the people of their respective countries.”

Bennaim said that 2B4CH is still in the preliminary stages of the project and is now testing potential interest in the program. The next steps include submitting the project to the federation and formally collecting signatures. Bennaim said: “When this stage is successfully completed, it will take months or even years for the voting to actually proceed.”

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2B4CH was established in Geneva in 2017. It is an independent non-profit association that studies the social and financial changes brought about by Bitcoin and blockchain technology and the impact of decentralized cryptocurrencies. The think tank currently has less than 20 members and does not accept donations to protect the independence and privacy of its members.

Switzerland has become one of the most crypto-friendly countries in the world, with Zug pilots bitcoin payments Public service as early as 2016.Last month, the Swiss Financial Market Supervisory Authority Approval of the country’s first crypto fund Rear Authorize six Swiss exchanges Launched the digital asset market.