Switzerland has a truly unique democratic practice that allows ordinary citizens to introduce bills and amendments to the constitution. The initiative of Yves Bennaim and Lusius Meisser to amend the constitution to allow the central bank to store bitcoin is of interest. They argue that it is necessary to protect the country's sovereignty and neutrality in the economic arena.
The support of other bitcoin traders and representatives of Bitcoin Suisse shows a broad interest in this initiative. With the recent approval of bitcoin-ETFs in the US and Hong Kong, the bank's stance may change. At this point, there is a significant likelihood that the proposed amendment to the Swiss constitution will be passed.
