The initiative text was published in the Federal Gazette on Tuesday. The committee for the proposal, entitled “For a financially strong, sovereign and responsible Switzerland (Bitcoin Initiative)” have 18 months to collect the 100,000 signatures necessary for it to be put to a public vote.
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Swiss banks shed fear of bitcoin
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More than a quarter of Swiss banks offer cryptocurrency services, or have plans to do so.
The initiative calls for a change to the constitution stating that the SNB should build up currency reserves from its earnings, part of which should be held in gold and bitcoin. The text does not specify how much bitcoin should be held.
The initiative is backed by a group led by internet pioneer and author Yves Bennaïm from French-speaking Switzerland, as well as a number of Swiss cryptocurrency advocates. The primary aim is to initiate a debate, Bennaïm told the NZZ am Sonntag newspaper in spring.
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SNB president warns of potential inflation shocks in Switzerland
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“In the current environment uncertainty remains elevated, and new shocks can occur at any time,” Swiss National Bank President Thomas Jordan warned.
Two years ago, the then SNB President Thomas Jordan declared that bitcoin did not meet the requirements for currency reserves.
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Boats sail to Solothurn to celebrate 700 years of Le Landeron
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The challenge of crossing Lake Biel from Le Landeron to Solothurn without a motor was taken up by 16 amateur crews on Saturday. The competition is part of Le Landeron's 700th anniversary celebrations.
Swiss cantonal ministers keep low profile on social media
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A small base of followers and neutral posts: these are the conclusions that emerge from a study published by UNIL researchers into the use of social networks by councillors of state.
Swiss rents forecast to rise up to 5% annually, housing chief warns
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Rents on the Swiss market are set to rise by between 3% and 5% a year over the next few years, warned Martin Tschirren, Director of the Federal Housing Office (FHO), on Sunday. "Demand for housing remains higher than supply".
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The Council of the Swiss Abroad, meeting today in Bern, passed a resolution in favour of the new Electronic Identity Act (Id-e), which will be put to the vote on 28 September.
One person consumes 4.8 megawatt hours of electricity
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On average, the Swiss consume 4.8 megawatt hours of electricity per year. According to Velobiz.de, this is roughly equivalent to the amount generated by all 176 cyclists in the Tour de France during the entire race.
Outgoing ICRC chief in Ukraine defends neutrality amid war
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Swiss national Jürg Eglin, outgoing head of the International Committee of the Red Cross in Ukraine, reflects on his tenure.
Green party leader criticises government’s neo-liberal policy
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The Green Party delegates' meeting opened on Saturday morning in Vicques (JU) with a speech by party president Lisa Mazzone. Mazzone took particular aim at the Federal Council's policy towards the United States.
Working on Sundays is detrimental to well-being, says Swiss study
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A study by the University of Bern shows that working on Sundays is detrimental to well-being and particularly affects women.
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