Proposal mandating the Swiss National Bank to hold Bitcoin now underway
The Swiss Bitcoiners must rack up 100,000 signatures from Switzerland’s 8.92 million residents by June 30, 2026, to trigger a public referendum.
A fresh proposal to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet has been set in motion by the Swiss federal chancellery on Dec. 31.
The proposal will need to accumulate 100,000 signatures for it to be put to a public referendum, according to Tether’s vice president of Energy and Mining Giw Zanganeh, who helped launch the proposal with Yves Bennaïm, founder and chairman of Swiss Bitcoin nonprofit think tank 2B4CH and eight other Bitcoin advocates.
2B4CH had been preparing to submit documents to the State Chancellery since at least April to renew attempts at a successful proposal after it postponed its first filing in October 2021 — when the idea of a nation-state strategically holding Bitcoin (BTC) was not as common.
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Author: Brayden Lindrea
