#BitcoinInSwissReserves While the Swiss National Bank (SNB) does not currently hold Bitcoin in its reserves, a group of cryptocurrency advocates has launched an initiative to change that. This initiative aims to modify existing legislation to mandate that the SNB maintain reserves in both gold and Bitcoin. To achieve this, the group needs to gather 100,000 signatures within 18 months to secure a public referendum on the matter.

However, the SNB has expressed reservations about cryptocurrencies, indicating a cautious stance towards digital assets like Bitcoin and Ether. The SNB president has stated that Bitcoin does not meet the requirements for currency reserves.

This initiative represents a significant push to integrate digital currencies into traditional central banking and could have major implications for the future of cryptocurrency if successful.