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Rewiring
Bitcoin: Swiss referendum for the adoption of BTC by the central bank
Switzerland, known for its innovative and cautious approach to finance, is facing a potentially historic turning point. Bitcoin advocates in this Alpine country are once again mobilizing, seeking to integrate this cryptocurrency into the national reserves of the Swiss National Bank (SNB). This article explores the nuances of this bold initiative and the implications such a decision could have on Switzerland's financial neutrality and sovereignty.
A Reiterated Movement with Hopes to See Bitcoin
In October 2021, a first attempt to enshrine Bitcoin as a reserve currency in the Swiss Constitution failed due to an insufficient number of signatures to trigger a referendum.