Switzerland initiated a vote to add bitcoin to the federal constitution as a reserve currency

2B4CH, a Swiss non-profit think tank that helps governments research cryptocurrencies and blockchain technology, has launched an initiative that could make Bitcoin one of the country's reserve assets.

On Friday, the association announced plans to launch a federal initiative to collect 100,000 signatures for the introduction of bitcoin into article 99, paragraph 3, of the Swiss federal constitution.

The initiative, in particular, proposes to add bitcoin to the list of assets of the central bank of Switzerland. If changed, the constitutional article will read as follows:

“The Swiss National Bank must create sufficient foreign exchange reserves from its revenues; some of these reserves will be held in gold and bitcoins. "

If the vote goes well, the Swiss National Bank or SNB will need to learn how to add bitcoin to their reserves.

“This addition to the constitution will affect the people of Switzerland in the same way that Silicon Valley and the London Stock Exchange have benefited the people of their countries,” said Yves Bennaim, founder and chairman of 2B4CH.