#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 need to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, to trigger a nationwide referendum. If successful, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin.
Ace Hot Topic Analysis
Analysis
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. Under Swiss law, proposal initiators need to collect 100,000 signatures within 18 months to trigger a referendum. Currently, the proposal is still in its early stages, and a final referendum is still a long way off. 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. The final outcome remains to be seen.
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 by June 30, 2026, to trigger a national referendum.
Proponents of the proposal have 18 months to collect signatures.
If successful, the Swiss National Bank would be allowed to hold Bitcoin.
It is currently unclear whether the Swiss National Bank will support the proposal.