Switzerland is one of the most crypto-friendly countries around the globe. In 2016, the town of Zug decided to allow Bitcoin payments for public services as part of a trial run. Several years later in 2021 the Swiss Financial Market Supervisory Authority approved the country’s first crypto fund after authorizing the SIX Swiss Exchange to launch a digital asset marketplace. Asset manager Crypto Finance launched Switzerland’s first crypto fund. This fund is administered by investment management firm PvB Pernet von Ballmoos AG with custody by regulated custodian SEBA Bank AG.
A non-profit think tank decided to launch an initiative that could make Bitcoin one of the country’s reserve assets. Last week, 2B4CH announced plans to start a popular federal initiative by collecting 100,000 signatures for the introduction of Bitcoin to article 99 clause 3 of the Swiss federal constitution.
This non-profit think tank from Switzerland wants to add Bitcoin to the list of assets held by the Swiss central bank. The major purpose of the initiative is to make cryptocurrencies more popular in the country. If voters approve this initiative, the Swiss National Bank will need to learn how to add Bitcoin into reserves.
The history of 2B4CH dates back to 2017. It is an independent non-profit association founded in Geneva. The major objective of this non-profit think tank is to study social and financial transformations brought by Bitcoin and blockchain technology. This non-profit think tank has less than 20 members. 2B4CH does not accept donations as it wants to protect its independence and the privacy of its members.
At the moment, 2B4CH is at the preliminary stage of the project. It is testing the potential interest in the initiative. 2B4CH will have to solve two important challenges. It has to present the project to the confederation and the second challenge is to collect signatures.
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