The Swiss Federal Council has officially initiated the process of reviewing a referendum proposal that would make Bitcoin a part of the Swiss financial system by amending the constitution. The referendum is currently in the signature-gathering stage and was recently published in the Federal Gazette. If the referendum is successful and ultimately approved by Swiss voters, Bitcoin will be recognized as legal tender in Switzerland and would operate under the same regulations as other financial assets such as stocks and bonds. This move would have significant implications for the cryptocurrency industry, making Switzerland one of the first countries in the world to formally integrate Bitcoin into its financial system.

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