Switzerland has officially registered an initiative aimed at including Bitcoin in the country's financial reserves. To proceed, 100,000 signatures must be collected within 18 months.
Goals of the Bitcoin Initiative in Switzerland
The Bitcoin initiative, proposed by ten people including 2B4CH founder Yves Bennaïm, seeks to integrate Bitcoin into Switzerland's economic reserves. This requires amendments to Article 99 (Clause 3) of the Swiss Constitution, which currently mandates storing part of the reserves in gold.
Other Countries Considering Bitcoin Reserves
Several countries are currently considering establishing Bitcoin reserves. Donald Trump proposed a Bitcoin reserve plan at the Nashville Conference. In Hong Kong, Wu Jiezhuang advocated for including Bitcoin in the exchange fund. Former German Finance Minister Christian Lindner also advised the ECB and Bundesbank to integrate Bitcoin into their reserves. "The new Trump administration is pursuing an extremely progressive policy on crypto-assets such as Bitcoin," Lindner said.
Global Perspective on Crypto Asset Regulation
Switzerland could become a model for other nations if its initiative gains support. Globally, Trump’s victory has brought optimism regarding the regulation of crypto assets.
The Swiss initiative to include Bitcoin in financial reserves could be a significant step towards global crypto recognition. Successful implementation may influence other nations' policies.
