Swiss Bitcoin Advocates Campaign for Cryptocurrency Inclusion in National Bank Reserves

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Swiss bitcoin enthusiasts are campaigning for the inclusion of the cryptocurrency in the Swiss National Bank‘s (SNB) reserves. An advocacy group is actively working to persuade SNB officials, with plans to discuss the proposal at an SNB committee meeting on April 26, according to a report by the Swiss newspaper Neue Zürcher Zeitung.

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Yves Bennaïm, a board member of Bitcoin Association Switzerland and leader of the initiative, is preparing to submit the necessary documents to Switzerland’s State Chancellery. This step is crucial for formally presenting the proposal to the SNB, Bennaïm informed local media.

The proposal aims to initiate a discussion on safeguarding Swiss sovereignty and neutrality through strategic financial policies, NZZ noted. Luzius Meisser, a collaborator on the initiative and president of asset manager Bitcoin Suisse, highlighted the strategic benefits of such a move. “By including Bitcoin in its reserves, Switzerland would mark its independence from the European Central Bank. Such a step would strengthen our neutrality,” Meisser explained to the press.

This initiative marks a continued effort by bitcoin advocates to integrate the cryptocurrency into the SNB’s strategy. In 2022, a similar group suggested the SNB should diversify its reserves by purchasing 1 billion Swiss francs worth of bitcoin each month instead of German government bonds, as reported by NZZ.

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Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

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