{"id":11601,"date":"2026-05-10T05:00:27","date_gmt":"2026-05-10T05:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/swiss-bitcoin-reserve-effort-withdrawn-after-resistance-from-central-bank\/"},"modified":"2026-05-10T05:00:27","modified_gmt":"2026-05-10T05:00:27","slug":"swiss-bitcoin-reserve-effort-withdrawn-after-resistance-from-central-bank","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/swiss-bitcoin-reserve-effort-withdrawn-after-resistance-from-central-bank\/","title":{"rendered":"Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank"},"content":{"rendered":"

Campaign founder Yves Bennaim isn’t 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’t make it.<\/p>\n

A Bold Proposal That Didn’t 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’s reserves would reduce dependence on the US dollar and the euro.<\/p>\n

Bennaim drew a parallel to Switzerland’s 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’t 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’s price<\/a> record hasn’t 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’s 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’s collapse hasn’t 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>\n","protected":false},"excerpt":{"rendered":"

Campaign founder Yves Bennaim isn’t 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’t 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":{"footnotes":""},"categories":[2],"tags":[5193,22,32,35,51,419,5194,5195],"class_list":["post-11601","post","type-post","status-publish","format-standard","hentry","category-bitcoin","tag-amina","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-digital-currency","tag-finma","tag-snb"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=11601"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11601\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=11601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=11601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=11601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}