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
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 LATEST: 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 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 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 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 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 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":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-163280","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/163280"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=163280"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/163280\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=163280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=163280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=163280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Europe Still Divided On Crypto In Central Bank Reserves<\/h2>\n