#Switzerland Could Allow Central Bank to Hold Bitcoin#
Hot Topic Overview
Overview
Switzerland is currently working on a proposal that would require the Swiss National Bank to hold Bitcoin. The proposal was initiated by the Swiss Federal Chancellor and requires 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, to trigger a referendum. If successful, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin. Supporters of the proposal currently have 18 months to collect signatures.
Ace Hot Topic Analysis
Analysis
A proposal to allow the Swiss National Bank to hold Bitcoin is currently underway in Switzerland. The proposal, initiated by the Swiss Federal Council, calls for the central bank to hold Bitcoin. Supporters need to gather 100,000 signatures within 18 months to trigger a nationwide referendum. If the proposal passes, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin. The proposal has sparked widespread debate, with supporters arguing that it would make Switzerland a leader in the cryptocurrency space and attract more investment. Opponents, however, worry that it would pose risks to the Swiss financial system and could lead to currency devaluation. The final outcome remains to be seen, but the proposal will undoubtedly have a profound impact on Switzerland's financial policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Swiss
National
Bank
holds
Bitcoin
proposal
is
underway
the
proposal
needs
to
collect
100,000
signatures
by
June
30
2026
to
trigger
a
referendum
supporters
have
18
months
to
collect
signatures
if
the
proposal
is
successful
Switzerland
will
become
the
first
country
in
the
world
to
allow
the
central
bank
to
hold
Bitcoin