[Swiss Central Bank Bitcoin Initiative Ends Due to Insufficient Signatures] Golden Finance reported on May 8, according to Reuters, the "Bitcoin Initiative" aimed at encouraging the Swiss National Bank (SNB) to include Bitcoin in its reserves has announced the abandonment of its referendum campaign. With only a few weeks left until the deadline, the initiative has collected approximately 50,000 signatures, which is only half of the 100,000 signatures required by Swiss law to trigger a referendum. Initiative founder Yves Bennaim stated that the initiative will naturally lapse but emphasized that discussions on this topic have made progress. The Swiss National Bank had previously expressed clear opposition to holding cryptocurrencies, citing excessive price volatility and insufficient market liquidity, which do not meet the requirements for central bank reserves.