Campaigners Drop Bid to Make Swiss National Bank Hold Bitcoin
Campaigners said they had gathered only about half of the 100,000 signatures needed under Swiss law.
- The Bitcoin Initiative is dropping its campaign to force the Swiss National Bank to hold bitcoin in its reserves after failing to gather the required 100,000 signatures within the 18-month period allotted by authorities.
- Campaign founder Yves Bennaim argued that "Bitcoin is an alternative to the dollar or the euro, and is internationally neutral, like Switzerland," aiming to diversify central bank holdings away from traditional reserves.
- Price volatility and market liquidity concerns led the SNB to reject holding cryptocurrencies, while the European Central Bank remains skeptical, asserting reserves must be "liquid, secure and safe."
- Bennaim noted that bitcoin, which has lost 7.5% in value during 2026 following a 6.4% decline last year, is not illiquid, citing substantial daily transaction volumes as evidence of market strength.
- Other institutions like The Czech National Bank previously purchased $1 million in digital assets to gain experience with markets, demonstrating ongoing global interest in blockchain technology despite the initiative's lapse.
21 Articles
21 Articles
Crypto advocates want to expand the Swiss Central Bank's currency reserve by Bitcoin. Now the project is about to fail. However, the initiators have not completely missed their goal.
CoinStats - Swiss Effort to Integrate Bitcoin in National...
A recent initiative in Switzerland aimed at integrating Bitcoin into the Swiss National Bank’s (SNB) reserves faced a setback, marking the conclusion of a campaign that did not meet its signature target. Campaigners sought to bring the issue to a national referendum, but gathered only half of the required 100,000 signatures.Continue Reading:Swiss Effort to Integrate Bitcoin in National Reserves Falls Short
Bitcoin Initiative To Amend Swiss National Bank Mandate Fails
A crypto group that pushed for a referendum to allow the Swiss National Bank to hold Bitcoin as a reserve is letting its campaign lapse after failing to gather enough votes within the prescribed period for an initiative. Crypto advocates who launched a campaign last year to make the Swiss National Bank (SNB) to adopt Bitcoin (BTC) as a reserve asset are about to withdraw from their initiative. It follows their failure to secure the required numb…
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