Swiss central bank bitcoin reserve push fails over signature shortfall

The initiative sought to amend Switzerland's constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves. What to know : Swiss campaigners are dropping a bid for the SNB to hold bitcoin reserves after collecting about half of the 100,000 signatures needed for a national referendum. The initiative sought to amend Switzerland's constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves. The SNB had previously rejected the proposal over concerns regarding bitcoin’s liquidity and volatility as a necessary reserve asset.