#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. Supporters of the proposal have 18 months to collect 100,000 signatures in order to trigger a referendum. If successful, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin. Currently, the proposal needs to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, to trigger a referendum.
Ace Hot Topic Analysis
Analysis
A proposal to require the Swiss National Bank to hold Bitcoin is currently underway in Switzerland. The proposal, initiated by Bitcoin users, aims to push the Swiss central bank to include Bitcoin in its asset portfolio through a popular vote. According to the proposal, supporters need to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, to trigger a referendum. Currently, the proposal is in the signature collection phase and has not yet been endorsed by the Swiss government or central bank. The success of the proposal will depend on whether supporters can gather enough signatures within the stipulated timeframe and the Swiss public's attitude towards including Bitcoin in the central bank's asset portfolio.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A proposal for the Swiss National Bank to hold Bitcoin is underway, requiring 100,000 signatures to be collected by June 30, 2026, to trigger a referendum.
If the proposal is successful, the Swiss National Bank will be allowed to hold Bitcoin, making Switzerland the first country in the world to allow its central bank to hold Bitcoin.
Supporters argue that allowing the central bank to hold Bitcoin will help Switzerland maintain its position as a financial center and attract more cryptocurrency-related businesses.
Opponents worry that allowing the central bank to hold Bitcoin will increase financial risks and could lead to a depreciation of the Swiss franc.