Wu Blockchain (@WuBlockchain): Swiss Bitcoin Reserve Campaign to Lapse After Failing to Secure Enough Signatures
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Swiss Bitcoin Reserve Campaign to Lapse After Failing to Secure Enough Signatures Reuters reported that Swiss cryptocurrency advocates will drop a campaign to require the Swiss National Bank to hold Bitcoin in its reserves, after securing only about half of the 100,000 signatures needed to trigger a referendum. The SNB has rejected the idea, saying cryptocurrencies are too volatile and insufficiently liquid to meet its reserve requirements.