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Deep Tide TechFlow News, May 8th, according to Reuters reports, the Bitcoin Initiative to promote the Swiss National Bank to include Bitcoin in its reserves is expected to be terminated due to failing to obtain the 100k signatures required to trigger a referendum. The initiative, nearing the end of its 18-month collection period, received only about half of the signatures. The Swiss National Bank reiterated that cryptocurrency price volatility and insufficient market liquidity do not meet its foreign exchange reserve requirements. Bitcoin Initiative founder Yves Bennaim stated that although the initiative will fail, related discussions have made some progress.