#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 to trigger a referendum. If successful, Switzerland would become the first country in the world to allow its central bank to hold Bitcoin. According to Swiss law, 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
Switzerland is currently considering a proposal that would require the Swiss National Bank to hold Bitcoin. The proposal was initiated by Bitcoin users who hope to achieve it through a referendum. According to Swiss law, proponents of the proposal need to collect 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026, in order to trigger a referendum. If the proposal ultimately passes, the Swiss National Bank would become the first central bank in the world to hold Bitcoin, which would have a significant impact on the global cryptocurrency market. Currently, the proposal is still in its early stages, and it is unclear what the final outcome will be.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Switzerland
may
allow
the
central
bank
to
hold
Bitcoin
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
passes
the
Swiss
National
Bank
will
be
allowed
to
hold
Bitcoin