Swiss Bitcoin reserve campaign set to lapse after failing to gather signatures
60-second summary
The Swiss Bitcoin reserve campaign is set to lapse after organizers failed to gather the required 100,000 signatures, a threshold needed to trigger a referendum that would have mandated the Swiss National Bank to hold Bitcoin in its reserves, potentially impacting the bank's asset diversification and the country's stance on cryptocurrency adoption.
Organizers failed to collect enough signatures to trigger a referendum that would have required the Swiss National Bank to hold Bitcoin in its reserves.