#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 Bitcoin supporters, who 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, which would have a significant impact on the global cryptocurrency market.
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. According to Swiss law, the proposal needs to gather 100,000 signatures within 18 months to trigger a referendum. This means Bitcoin supporters need to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026. If the proposal is successful, 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 governments, who are concerned about Bitcoin's volatility and security. Ultimately, the fate of the proposal will depend on the outcome of the Swiss people's vote.
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 trigger a national referendum.
Supporters have 18 months to collect signatures, with a deadline of June 30, 2026.
If successful, the proposal would allow the Swiss National Bank to hold Bitcoin.
The proposal has sparked debate about whether the Swiss National Bank should hold cryptocurrencies.