According to Reuters, the 'Bitcoin Initiative' aimed at pushing the Swiss National Bank (SNB) to include Bitcoin in its reserves is expected to abandon efforts for a nationwide referendum due to insufficient signatures. Under Swiss law, the initiative needs 100,000 signatures within 18 months, but has only reached about half of that so far. The Swiss National Bank has repeatedly opposed holding cryptocurrencies, citing excessive price volatility and insufficient liquidity, which do not meet foreign exchange reserve requirements. The initiative's proponents argue that Bitcoin could help Switzerland reduce reliance on dollar and euro assets, claiming it has 'international neutrality.' https://(wublock123.com)/news/switzerland-central-bank-bitcoin-referendum-falls-short-60741