{"id":44435,"date":"2025-01-02T09:13:00","date_gmt":"2025-01-02T09:13:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/swiss-initiative-to-add-bitcoin-to-national-banks-balance-sheet-gains-momentum\/"},"modified":"2025-01-02T09:13:00","modified_gmt":"2025-01-02T09:13:00","slug":"swiss-initiative-to-add-bitcoin-to-national-banks-balance-sheet-gains-momentum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/swiss-initiative-to-add-bitcoin-to-national-banks-balance-sheet-gains-momentum\/","title":{"rendered":"Swiss Initiative to Add Bitcoin to National Bank’s Balance Sheet Gains Momentum"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The inclusion of Bitcoin (BTC)<\/a> on the balance sheet of the Swiss National Bank is being pushed by a ground-breaking proposal in Switzerland. Giw Zanganeh, Tether\u2019s VP of Energy and Mining, is leading this campaign, which seeks to gather 100,000 signatures from Swiss nationals. If it is successful, a public referendum regarding the possibility of Bitcoin being included in Switzerland\u2019s national reserves will be held.<\/p>\n

The campaign, officially launched recently, seeks to introduce Bitcoin into the financial framework of Switzerland. Zanganeh, who played a pivotal role in launching the proposal, shared his excitement, stating, \u201cToday we officially launched the popular initiative to add Bitcoin to the Swiss National Bank\u2019s balance sheet.\u201d<\/em> With a goal to gather the required signatures by June 30, the movement is gaining traction among Bitcoin enthusiasts and advocates for cryptocurrency adoption.<\/p>\n

In order to move forward, the initiative needs the full support of the community to reach the 100,000-signature threshold. This ambitious effort is already backed by a strong group of supporters, and the official X account for the initiative announced the commencement of the signature collection phase.<\/p>\n

Switzerland has long been a hub for cryptocurrency adoption, with the city of Lugano at the forefront. Through initiatives like Tether\u2019s \u201cPlan B,\u201d the city has embraced Bitcoin and cryptocurrency-related projects. In fact, Lugano now proudly displays a statue of Satoshi Nakamoto, the anonymous creator of Bitcoin, as a symbol of its commitment to digital currency innovation.<\/p>\n

Global Push for Bitcoin Reserves Grows<\/strong><\/h2>\n

The idea of holding Bitcoin as reserve<\/a> asset is not unique to Switzerland. In the United States, discussions have emerged about a potential Bitcoin reserve to address national debt. Senator Cynthia Lummis has been a vocal proponent, advocating for a \u201cStrategic Bitcoin Reserve\u201d to reduce the country\u2019s debt. She emphasized in December, \u201cThe \u2018strategic\u2019 purpose of the Strategic Bitcoin Reserve is to\u2026 pay down government debt hanging over the head of every American.\u201d<\/em><\/p>\n

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5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Lummis proposed holding Bitcoin for at least 20 years, with proof of reserves in place to ensure transparency and accountability. By then, the next steps will become clearer, she suggested.<\/p>\n

With Switzerland leading the way in adopting Bitcoin as part of its national financial strategy, this initiative may set the stage for other countries to follow suit in recognizing the potential benefits of digital currency reserves.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) The inclusion of Bitcoin (BTC) on the balance sheet of the Swiss National Bank is being pushed by a ground-breaking proposal in Switzerland. Giw Zanganeh, Tether\u2019s VP of Energy and Mining, is leading this campaign, which seeks to gather 100,000 signatures from Swiss nationals. If it […]<\/p>\n","protected":false},"author":34,"featured_media":28598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44435"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44435"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28598"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}