#Switzerland Could Allow Central Bank to Hold Bitcoin#

Switzerland could be on the verge of a major change, as a proposal to require the Swiss National Bank to hold Bitcoin is gaining traction. The proposal, initiated by Bitcoin supporters, aims to include Bitcoin in the Swiss central bank's asset portfolio through a referendum. According to Swiss law, the proposal needs to gather 100,000 signatures within 18 months to trigger a nationwide vote. This means Bitcoin supporters need to secure 100,000 signatures from Switzerland's 8.92 million residents by June 30, 2026. If the proposal ultimately passes, it would make Switzerland the first country in the world to allow its central bank to hold Bitcoin, potentially having a significant impact on the global cryptocurrency market. Currently, the proposal is still in its early stages, and its ultimate outcome remains uncertain. However, this event is sure to spark heated discussions about whether the Swiss National Bank should hold Bitcoin and the role of Bitcoin in the future financial system.