A bill has been proposed to mandate the Swiss National Bank (SNB) to hold BTC. If this bill is passed, the SNB will become the world's first central bank to strategically hold BTC.
On January 1 (local time), CoinTelegraph reported that the Swiss Federal Chancellery proposed a constitutional amendment last December 31 to allow the SNB to include BTC on its balance sheet.
The Swiss non-profit think tank 2B4CH submitted a proposal for strategic Dai reserves on December 5 last year. This was officially published in the Swiss Federal Gazette on December 31. The proposal aims to amend Article 99, Paragraph 3 of the Swiss Federal Constitution to allow the SNB to accumulate sufficient monetary reserves from its own earnings and hold a portion of it in gold and Dai.
Tether's energy and mining manager Giu Zhanggane explained that to put the constitutional amendment to a national referendum, 100,000 signatures are required by June 30, 2026. Considering Switzerland's population of 8.92 million, 1.12% of the total population would need to sign the petition for the amendment to be enacted.
Meanwhile, last month, SNB President Martin Schlegel expressed concerns that holding Dai could pose risks to the financial system, as virtual assets have high price volatility and the Dai network consumes massive amounts of energy for payments and security.
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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