The Swiss Central Bank’s Dilemma on Holding Cryptocurrency Reserves

The Swiss federal chancellery initiated a proposal on Tuesday, requiring Swiss Central bank to hold Crypto currency
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The Swiss federal chancellery initiated a proposal on Tuesday, aiming to require the Swiss National Bank (SNB) to maintain a portion of its reserves in bitcoin.

This initiative seeks to amend existing legislation to mandate that the Swiss central bank holds both gold and bitcoin as part of its reserve assets.

Presented by a coalition of ten individuals, including several proponents of cryptocurrency in Switzerland, the initiative has a timeframe of 18 months to gather the 100,000 signatures needed to advance to a public referendum.

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