Swiss Canton Bern Votes for Investigation into the Feasibility of Bitcoin Mining

The parliament of the Swiss canton of Bern has taken a significant step by adopting a motion advocating for the drafting of a report on Bitcoin mining in the canton. Despite resistance from the govern...
Bitcoin mining map

The parliament of the Swiss canton of Bern has taken a significant step by adopting a motion advocating for the drafting of a report on Bitcoin mining in the canton. Despite resistance from the governing council, which is against both the report and Bitcoin mining itself, proponents consider this development a victory.

The Advantages and Disadvantages of Bitcoin Mining in Switzerland

The Bitcoin Parliamentary Group, consisting of members from various parties, initiated this. With 85 votes in favor and 46 against, the motion was passed. The report will investigate:

  • From where excess energy in the canton can be sourced.
  • Possible collaborations with local Bitcoin miners.
  • The potential of Bitcoin mining to stabilize the electricity grid.

The group looked to Texas as an example of how Bitcoin mining can be integrated into state energy policy, hoping that by encouraging mining, Bern can attract mining companies and employment, promote renewable energy, and stabilize the electricity grid.

Reactions and Opposition

Although the proposal was submitted in March, the governing council recommended rejecting it in September. However, this advice was not followed by the parliament. Samuel Kullmann, a member of parliament, emphasized via an X-post that despite the traditional fear, uncertainty, and doubt (FUD) in the debate, the proposal still found a clear majority, which he believes indicates that the narrative around Bitcoin is changing.

Switzerland and Crypto

Switzerland is known for its crypto-friendly attitude. Dennis Porter, an active player in the Bitcoin community, was involved in preparing this report proposal and has also contributed to the “Bitcoin rights” legislation in Pennsylvania.

Ripple CEO Brad Garlinghouse has often praised Switzerland for its supportive stance towards cryptocurrencies. The city of Lugano is a hub for crypto activities with the annual Plan B Forum, while Zug is known as the home of the Ethereum Foundation and numerous blockchain startups.

All of this suggests that despite some resistance at the local level, Switzerland as a country has a positive and progressive attitude towards the crypto industry.

Related articles

تجار البيتكوين يبتلعون 13.86٪ خسارة: نهاية ضغط البيع في الأفق ؟

تمتلك استراتيجية مايكل سايلور الآن أكثر من 500000 بيتكوين بعد شراء ضخم جديد

صندوق النقد الدولي وبيتكوين كـ”ذهب رقمي”؟ الضجة تتلاشى

Bitcoin’s Proof of Work as a Weapon Against Bots: A New Era?

Swiss Central Bank Rejects Bitcoin Reserve

Lone Bitcoin Miner Hits the Jackpot and Earns $266,000!

bitcoinBitcoin
$ 85,230.84
$ 85,230.84
0.77%
ethereumEthereum
$ 1,620.17
$ 1,620.17
1.83%
tetherTether
$ 1.00
$ 1.00
0%
solanaSolana
$ 138.93
$ 138.93
3.71%
xrpXRP
$ 2.09
$ 2.09
0.34%
cardanoCardano
$ 0.626854
$ 0.626854
0.08%