{"id":43235,"date":"2026-05-09T21:30:57","date_gmt":"2026-05-09T21:30:57","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43235"},"modified":"2026-05-09T21:30:57","modified_gmt":"2026-05-09T21:30:57","slug":"swiss-bitcoin-reserve-effort-withdrawn-after-resistance-from-central-bank","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43235","title":{"rendered":"Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank"},"content":{"rendered":"

Campaign founder Yves Bennaim isn\u2019t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow.<\/p>\n

The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months \u2014 his team didn\u2019t make it.<\/p>\n

A Bold Proposal That Didn\u2019t Get Off The Ground<\/h2>\n

The initiative would have required the Swiss National Bank<\/a> to hold Bitcoin alongside gold and foreign currencies. Supporters argued that adding Bitcoin to the SNB\u2019s reserves would reduce dependence on the US dollar and the euro.<\/p>\n

Bennaim drew a parallel to Switzerland\u2019s long-standing tradition of neutrality, framing Bitcoin as an independent alternative to the dominant global currencies.<\/p>\n

He also pushed back against claims that Bitcoin lacks liquidity, pointing to the billions of dollars moving through international crypto exchanges every day.<\/p>\n

\n

LATEST: \"\ud83c\udde8\ud83c\udded\" Swiss crypto advocates are abandoning their bid to force the Swiss National Bank to hold Bitcoin, falling short of the 100,000 signatures needed for a constitutional referendum. pic.twitter.com\/q95Eio5uCq<\/a><\/p>\n

\u2014 CoinMarketCap (@CoinMarketCap) May 8, 2026<\/a><\/p>\n<\/blockquote>\n

But the SNB wasn\u2019t persuaded. The bank has remained cautious, and European Central Bank policymakers have made their position clear \u2014 reserve assets must be liquid, secure, and stable.<\/p>\n

Bitcoin\u2019s price<\/a> record hasn\u2019t helped its case. The cryptocurrency has dropped roughly 7% so far this year, following a record $126k ATH in October 2025.<\/p>\n

Europe Still Divided On Crypto In Central Bank Reserves<\/h2>\n

Based on reports<\/a> from Reuters, the failed Swiss campaign reflects a wider disagreement across Europe. Policymakers have not reached any consensus on whether digital assets belong in central bank reserve strategies.<\/p>\n

<\/p>\n

That debate has sharpened as crypto has become harder to ignore in global finance. Some institutions have been testing blockchain-based systems. Others remain focused on concerns about price swings, safety, and the ability to sell large holdings quickly without moving markets.<\/p>\n

Bennaim\u2019s team framed the campaign as more than just a Bitcoin bid. They wanted Swiss officials to seriously assess the technologies reshaping the financial sector. A future initiative, they said, remains possible.<\/p>\n

\n

AMINA is now the first regulated bank to support custody and trading for Canton Coin.<\/p>\n

For institutional, corporate, and professional investors, digital assets are\u202fincreasingly about\u202finfrastructure, scale, and execution discipline, not experimentation.\u202f @CantonNetwork<\/a>\u2026 pic.twitter.com\/04b9Urx1Er<\/a><\/p>\n

\u2014 AMINA Bank (@AMINABankGlobal) May 6, 2026<\/a><\/p>\n<\/blockquote>\n

Swiss Financial Firms Push Ahead With Blockchain<\/p>\n

The campaign\u2019s collapse hasn\u2019t slowed the broader Swiss financial industry. AMINA<\/a> Bank recently became the first institution registered with Swiss financial regulator FINMA<\/a> to offer custody and trading services for Canton Coin.<\/p>\n

Through the move, institutional clients gain access to the Canton Network, a platform built for tokenization, collateral management, and settlement.<\/p>\n

Goldman Sachs, Visa, Citadel, and the Depository Trust & Clearing Corporation are among the organizations backing the network.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Campaign founder Yves Bennaim isn\u2019t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow. The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months \u2014 his team didn\u2019t make it. A Bold Proposal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-43235","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bitcoin"},"yoast_head":"\nSwiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=43235\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Campaign founder Yves Bennaim isn\u2019t giving up. 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