According to Reuters, a Swiss initiative aimed at pushing the Swiss National Bank (SNB) to hold Bitcoin in its reserves has been abandoned. The campaign collected approximately 50,000 signatures, falling short of the 100,000 required to trigger a referendum. Initiative founder Yves Bennaim stated the effort will be allowed to expire naturally, while noting that discussion on the topic has made progress. The SNB has previously opposed holding cryptocurrencies, citing excessive price volatility and insufficient market liquidity as incompatible with central bank reserve requirements.
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