A new proposal that would require the Swiss National Bank to hold Bitcoin (BTC) is currently collecting signatures.
According to Giw Zanganeh, vice president of energy and mining at stablecoin issuer Tether, which helped launch the initiative, the proposal needs 100,000 signatures from Swiss citizens to be sent to a public referendum.
Zanganeh says,
“Today we officially launched the popular initiative to add Bitcoin Balance sheet of the Swiss National Bank.
We need the full support of our community to collect 100,000 signatures and make this a national referendum. Details follow…”
The initiative’s official X account also announced that the signature collection phase has begun and that the 100,000 mark must be exceeded by June 30
Switzerland has already been at the forefront of Bitcoin adoption, particularly in the city of Lugano, where Tether’s “Plan B” initiative erected a statue of anonymous BTC creator Satoshi Nakamoto.
Talks about a possible Bitcoin reserve in Switzerland mirror developments in the US, where President-elect Donald Trump and Senator Cynthia Lummis have reportedly discussed the concept with industry representatives
