The Swiss Federal Chancellery has registered a new initiative proposing that the Swiss National Bank hold Bitcoin in its reserves. 🎉

The initiative is led by Bitcoin advocates such as Giw Zanganeh, Tether’s vice president of energy and mining, and Yves Bennaïm, founder of 2B4CH. The aim is to amend the Swiss Federal Constitution to integrate Bitcoin into the country’s financial structure.

However, the proposal faces a difficult process due to the SNB’s historical skepticism towards cryptocurrencies. 🏦