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2B4CH Proposed To Introduce Bitcoin Into The Swiss Constitution

Anna Martynova

2B4CH, a Swiss non-profit think tank that assists the government in researching cryptocurrencies and blockchain technology, has announced the launch of a "Popular Initiative" to reach 100,000 signatures for amending article 99, clause 3, of the Swiss Constitution. The initiative proposes that the Swiss National Bank could store bitcoin as a reserve asset alongside gold.

Yves BENNAIM, founder and chairman of 2B4CH, is not sure the regulator will approve of such a proposal. Now 2B4CH is polling to see citizens' interest in this initiative. According to Bennaim, even if there are not enough signatures, there will be discussions on this issue aimed at informing citizens about bitcoin, that will already be a success.

Switzerland has become one of the most crypto-friendly countries in the world. In 2016, the canton of Zug allowed paying for government services with bitcoins. On September 30, the Swiss Financial Market Supervisory Authority (FINMA) approved the launch of the Crypto Market Index Fund, the first cryptocurrency fund to operate under Swiss law.

Image: Sadler & Co.

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