Switzerland is considering amending its constitution to require the SNB to include Bitcoin in its monetary reserves. A group of Bitcoin supporters officially filed the proposal on December 31, marking a significant step toward integrating bitcoin into the country’s financial policies.
To move this initiative to a public referendum, the group needs to collect 100,000 valid signatures by June 30, 2026. This represents around 1.12% of Switzerland’s population of 8.92 million.
The proposed amendment asks that Bitcoin, along with gold, be included in the Swiss National Bank’s monetary reserves. Advocates believe that this step will ensure financial stability and strengthen Switzerland’s position as a forward-thinking, sovereign financial hub.
Bitcoin acceptance in Lugano is already growing, with over 260 establishments taking the cryptocurrency as payment. However, the Swiss National Bank has highlighted worries about Bitcoin’s energy consumption and feasibility as a payment system.
If successful, this idea might establish Switzerland as a global leader in incorporating cryptocurrencies into national monetary systems. For the time being, the campaign relies on public assistance to make this audacious goal a reality.
