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Switzerland launches 'Create BTC Reserves' petition, collecting 100,000 signatures to enter referendum.
BTC reserve proposal initiated in Switzerland by BTC advocacy group led by Yves Bennaïm, founder of Swiss non-profit think tank 2B4CH, and Giw Zanganeh, VP of energy and mining at Tether, was registered in the Swiss Federal Gazette on December 31st. The proposal requires 100,000 signatures from Swiss residents to trigger a referendum by June 30th, 2026. If passed, the Swiss Federal Constitution will be amended to accumulate sufficient coin reserves from its own revenue, with a portion composed of gold and BTC. Many countries, including Japan, Russia, and Germany, have called for the establishment of BTC reserves. In addition, Trump's proposed plan to establish a US BTC reserve has sparked discussions on a global BTC reserve race, bringing BTC on par with assets such as gold, forex reserves, and sovereign bonds.