Swiss City Aims to Seize Opportunities in Bitcoin Mining
The city of Bern in Switzerland has decided to initiate a study to evaluate the potential benefits of Bitcoin mining in the region. This decision, which was approved by a vote of 85 to 46, aims to ensure the stability of the city's energy grid while promoting the use of renewable energy. The study will explore the feasibility of utilizing excess energy for Bitcoin mining, thereby highlighting the technology's contribution to the economy.
Although the Government Council opposes this report and Bitcoin mining activities, Bern’s Bitcoin Parliamentary Group considers this development a victory. The group’s proposal is seen as a significant step towards exploring energy usage and economic opportunities. The forthcoming report will investigate how excess energy can be harnessed in the region and how Bitcoin mining can contribute to the electricity grid. The group is also adopting Texas as a model and is considering integrating Bitcoin mining into energy policies.
Bern’s multilateral Bitcoin Parliamentary Group is drawing inspiration from the Texas model to integrate Bitcoin mining into energy policies. Believing that this model will provide dual benefits, the group aims to contribute to economic development while optimizing energy use. Promoting Bitcoin mining could make Bern an attractive location for mining companies and strengthen the region in terms of renewable energy and job opportunities.
Since Swiss laws do not recognize Bitcoin as a legal currency, mining activities fall outside the regulations of the Swiss National Bank. However, the thought behind this initiative in Bern showcases the city's and Switzerland's proximity to Bitcoin and cryptocurrencies from a broader perspective, opening doors for economic innovations. This development in Bern serves as an example of how Switzerland maintains its pro-crypto stance and aligns with international crypto trends.
As Bern takes steps towards Bitcoin mining, another Swiss city, Lugano, has honored Bitcoin's creator, Satoshi Nakamoto. In November, a statue was created in Lugano in tribute to Nakamoto. This initiative was realized in collaboration with the City of Lugano, Plan B, and Tether.
The statue is located at Villa Ciani in Lugano and symbolizes Nakamoto's anonymity. The design of the statue reflects a cloaked figure holding a personal computer, taking on an abstract form when viewed from different angles. Tether's CEO stated that the statue celebrates Nakamoto's impact on global financial systems and emphasizes his contributions to decentralized innovations.