Activists call on the Swiss National Bank to add Bitcoin to its reserves.

An advocacy group is reviving a plan to persuade members of the Swiss National Bank (SNB) to add bitcoin, arguing that inclusion would protect Switzerland’s economic independence, Swiss newspaper Neue Zürcher Zeitung has claimed. reported Saturday. Bitcoin advocates plan to present the idea to the SNB committee at its meeting on April 26.

The group is preparing to submit documentation of its proposal to the Swiss Prime Minister’s Office, a necessary step toward announcing the SNB. bitcoin BTC

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Yves Bennaïm, board member of the Swiss association leading the initiative, told local media.

NZZ reported that the proposal was intended to start discussions on how to “protect (Switzerland’s) sovereignty and neutrality” through the country’s monetary policy.

Bitcoin’s inclusion in SNB reserves would strengthen Switzerland’s independence from the European Central Bank (ECB), according to Luzius Meisser, who is working with the group on the proposal.

“By including Bitcoin in its reserves, Switzerland will declare independence from the European Central Bank. “Such measures will strengthen our neutrality.” Chairman Luzius Meisser Asset manager Bitcoin Suisse told local media.

This is not the first time Bitcoin supporters have called for integrating Bitcoin into SNB reserves. NZZ reported that in 2022, an advocacy group recommended that the SNB purchase 1 billion Swiss francs worth of Bitcoin each month instead of German government bonds.

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