Swiss non-profit think tank 2B4CH plans to launch a referendum proposal to have Bitcoin as part of Switzerland’s Federal Constitution.
Under Swiss law, “popular initiative” referendums are triggered upon reaching 100,000 signatures. 2B4CH is attempting to drum up support at the grassroots level to meet this criterion.
The past few months have seen several countries, including El Salvador, and to a lesser extent Ukraine, formally adopt pro-Bitcoin positions at the governmental level.
However, the reason for this was due to raw deals both countries receive when dealing with international legacy structures. Given that Switzerland is a crucial player in banking, the biggest obstacle faced by 2B4CH is the lack of political will to rock the boat.
