#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. Under Swiss law, proposal initiators need to collect 100,000 signatures within 18 months to submit the proposal to a nationwide vote. 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. Currently, the final outcome of the proposal is unclear, but it will undoubtedly be a major issue for the Swiss and global cryptocurrency markets in the coming period.