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01/03/2025

Switzerland Is Considering Adding Bitcoin (BTC) to Its National Reserves

Switzerland, a country renowned for its stable and innovative financial system, is taking another step toward exploring the potential of cryptocurrency. The Swiss Federal Chancellery has initiated a constitutional amendment proposal that would allow the Swiss National Bank (SNB) to include Bitcoin (BTC) in its national reserve assets, alongside gold. A Breakthrough in National Asset Management The proposal aims to amend Article 99, Paragraph 3 of the Swiss Federal Constitution, adding a provision that would allow the National Bank

Switzerland Is Considering Adding Bitcoin (BTC) to Its National Reserves

Switzerland, a country renowned for its stable and innovative financial system, is taking another step toward exploring the potential of cryptocurrency. The Swiss Federal Chancellery has initiated a constitutional amendment proposal that would allow the Swiss National Bank (SNB) to include Bitcoin (BTC) in its national reserve assets, alongside gold.

A Breakthrough in National Asset Management

The proposal aims to amend Article 99, Paragraph 3 of the Swiss Federal Constitution, adding a provision that would allow the National Bank to use its income to build financial reserves — including both gold and Bitcoin. This is considered an important step toward preserving the country's independence, transparency, and accountability.

The Federal Chancellery emphasized that this initiative is consistent with existing law and requires collecting at least 100,000 signatures from Swiss citizens before June 30, 2026 in order to advance to the next stage. If enough signatures are gathered, the proposal will be submitted for consideration by the Federal Assembly — Switzerland's supreme legislative body.

Support From Crypto Advocates

The proposal is being driven by a group of cryptocurrency advocates, including Giw Zanganeh, Vice President of Energy and Mining at Tether, and Yves Bennaïm, founder of 2B4CH — a nonprofit organization focused on cryptocurrency research and promotion.

They argue that adding BTC to national reserves would strengthen Switzerland's economic position, harness the potential of blockchain technology, and ensure long-term financial sustainability.

Challenges Ahead

Not all parties are on board, however. The Swiss National Bank remains cautious, characterizing Bitcoin and other digital assets as a "niche phenomenon." SNB Chairman Martin Schlegel has pointed to Bitcoin's volatility and associated risks — as well as its links to illicit activity — as the primary reasons the bank is not yet prepared to accept Bitcoin into its reserves.

A Question for the Future

Integrating Bitcoin into national reserves would open a new chapter in Swiss public finance and set a precedent for other countries looking to adopt blockchain technology. Whether Switzerland will ultimately embrace this challenge, however, still depends on public support and the final decision of the legislature.

Conclusion

Switzerland continues to prove itself a global hub for innovation through bold and forward-thinking initiatives. Adding Bitcoin to national reserves would not only reinforce the country's image but also raise a profound question about the future of cryptocurrency in traditional finance.

Will Bitcoin become part of Switzerland's national reserve assets? Only time will tell.