#Switzerland Could Allow Central Bank to Hold Bitcoin#

Switzerland is currently considering a proposal that would require the Swiss National Bank to hold Bitcoin. The proposal was initiated by Bitcoin supporters who hope to force the Swiss central bank to include Bitcoin in its asset portfolio through a referendum. According to Swiss law, the proposal needs to collect 100,000 signatures from Switzerland's 8.92 million residents within 18 months to trigger a nationwide referendum. If the proposal ultimately passes, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin, which would have a significant impact on the global cryptocurrency market. However, the proposal also faces opposition from traditional financial institutions and government agencies, who are concerned about Bitcoin's volatility and security. Currently, the outcome of the proposal is uncertain, but its progress will be closely watched by the global cryptocurrency market.