Bern will explore Bitcoin mining for stabilizing the energy grid and utilizing excess energy
legislation to study Bitcoin mining, according to Samuel Kullmann, a Bitcoin-friendly member of the right-wing populist Federal Democratic Union of Switzerland party. The proposal was co-sponsored by Kullmann, Simon Ryser, a member of the Green Liberal Party, Mathias Mueller, Korab Rashiti, two members of the Swiss People's Party, and Philipp Kohli, a member of the Center Party.
The proposal is part of the legislative initiatives from the nonpartisan"Parliamentary Group Bitcoin." It is aimed to ensure that the cancon is prepared for the digitization of the financial world. "We expect that Bitcoin will play a central role in financial systems of the future and that its potential is diverse. If the Canton of Bern can develop an innovative strategy, it could become an attractive location for Bitcoin-related businesses," the legislation said.
The proposal mentioned that Bitcoin's appeal stems from Bitcoin's appeal stems from its fixed supply cap of 21 million coins."The guaranteed scarcity makes Bitcoin an interesting alternative for people seeking a store of value beyond traditional currency systems," it said. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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