The parliament of the Swiss canton of Bern has made a significant move in the world of cryptocurrency by passing a motion to commission a report on Bitcoin mining. Despite the Government Council’s opposition, supporters are hailing this as a victory.
A Closer Look at the Report and its Pros and Cons
The report was proposed by the multiparty Bitcoin Parliamentary Group, consisting of 23 members, which voted in favor of the motion with 85 votes to 46. The report will explore various aspects of Bitcoin mining, including where excess energy could be sourced in the canton, potential collaboration with Swiss Bitcoin miners, and whether Bitcoin mining can add stability to the electricity grid.
Potential Benefits of Bitcoin Mining in Switzerland
The proposal suggests that by encouraging Bitcoin mining, the canton could attract mining companies and jobs to the region. This, in turn, could promote renewable energy and stabilize the grid. The group looked at the US state of Texas as a potential model for integrating Bitcoin mining into state energy policy.
A Victory Despite Opposition
The Government Council had recommended against the proposal in September, citing that energy use in Bern Canton is an international issue since the region exports energy. However, supporters are calling this a victory, with Samuel Kullmann, a member of parliament, stating:
"Even though the debate was heavily influenced by classic FUD arguments and missed the point, the proposal ultimately found a clear majority. This result is an expression of the fact that the narrative on Bitcoin is changing."
The Changing Narrative Around Bitcoin
Kullmann’s statement highlights a shift in the way people view Bitcoin and its potential benefits. The proposal to commission the report was introduced in March as one of several initiatives advanced by the parliamentary group.
A Look at the Proposal’s Authors
Dennis Porter, co-founder of the Satoshi Action Fund and founder of Satoshi Action Education, took part in the preparation of the proposal for the report. Porter was also instrumental in drafting the so-called ‘Bitcoin rights’ legislation that passed in the US state of Pennsylvania in October.
Switzerland’s Pro-Crypto Stance
Switzerland has a reputation as being pro-crypto, with numerous blockchain companies and organizations based there. The city of Lugano hosts the annual Plan B Forum, and Zug is home to the Ethereum Foundation. Ripple CEO Brad Garlinghouse has frequently praised Switzerland for its pro-crypto stance.
The Future of Bitcoin Mining in Switzerland
While the Government Council has expressed opposition to Bitcoin mining, the passing of this motion could be a step towards greater acceptance of cryptocurrency in the region. The report will provide valuable insights into the potential benefits and drawbacks of Bitcoin mining in Switzerland.
