Swiss Canton of Bern Passes Bitcoin Mining Bill, Will Explore Impact of Mining in the Region

The Swiss Canton of Bern has passed a Bitcoin mining bill with a significant majority of 85 votes in favor. The parliament will now explore the impact of Bitcoin mining in the region.

Switzerland’s Bern Canton parliament has voted overwhelmingly in favor of a bill that will see the parliament explore the potential of Bitcoin mining in the region. The bill, which was proposed earlier this year, aims to support renewable energy and make use of surplus energy for Bitcoin mining.

Samuel Kullmann, a Bitcoin advocate and member of the Federal Democratic Union of Switzerland (EDU), announced the parliament’s approval of a motion to study Bitcoin mining in a X post on November 28. The legislation passed with 85 votes in favor and 46 against, despite opposition from the Government Council.

With a clear verdict of 85 to 46 votes the parliament of @kanton_bern demands a report on the potential of #Bitcoin mining to stabilize our #energygrid and the use of otherwise wasted #energy. The proposal was co-sponsored by @simonryser (Green Liberal Party), @KorabRashiti1… pic.twitter.com/WnTNzNdPi4

The 23-member multi-party Parliamentary Group proposed the report, which will investigate the possibility of utilizing excess energy in the canton for Bitcoin mining in order to stabilize the electricity grid.

Bern Embraces Bitcoin Mining Following the Texas Model

The parliamentary group took inspiration from Texas, USA, as a model for integrating Bitcoin mining into the canton’s energy policy, according to local reports. The government believes that this new approach will enable Bern to attract mining companies and create new employment possibilities, promote the use of renewable energy, and optimize energy use. Because Bitcoin is not recognized as legal tender, the Swiss National Bank does not have regulatory authority over it.

Dennis Porter, co-founder of the Satoshi Action Fund and founder of Satoshi Action Education, assisted in the drafting of the proposal. Porter also contributed to the Bitcoin rights legislation in the US State of Pennsylvania.

Switzerland’s interest towards Bitcoin mining and crypto expansion can be attributed to the Bern region being a net energy exporter.

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