#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 gather 100,000 signatures within 18 months to trigger a referendum. Currently, the proposal is still in its early stages, and it is unclear whether it will be able to garner enough signatures to proceed. 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, many people are skeptical of the proposal, concerned that Bitcoin's volatility could pose a risk to the Swiss financial system. Ultimately, the fate of the proposal will depend on the outcome of a vote by the Swiss people.