In the high-stakes world of central banking, Switzerland has long been associated with monetary orthodoxy, combining substantial gold holdings with a disciplined, stability-focused policy framework. Yet a recent effort sought to bring the 21st century’s so-called “digital gold” inside the Swiss National Bank’s (SNB) fortress. The “Bitcoin Initiative,” a campaign to amend the Swiss Federal Constitution to require the SNB to hold Bitcoin (BTC) alongside its gold and foreign currency reserves, came to an end…
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