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PortalCrypt / latest crypto news / Switzerland Moves Forward with Historic Proposal to Include Bitcoin in Constitution

Switzerland Moves Forward with Historic Proposal to Include Bitcoin in Constitution

by Joao Francisco
31/12/2024
in Bitcoin (BTC), latest crypto news
Overview of Cryptocurrency Regulations in Switzerland
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  • Switzerland Seeks to Integrate Bitcoin into National Constitution
  • 100 signature campaign for cryptocurrency referendum
  • Bitcoin could become a global constitutional landmark

Switzerland has taken a strategic step towards integrating Bitcoin into its constitutional system. The proposal, called “Building a Financially Robust, Sovereign and Responsible Switzerland (Bitcoin Initiative)”, was officially published in the Feuille fédérale, a official which publishes legislative texts and government decisions. From now on, the focus is on collecting the 100 signatures needed for the initiative to be put to a national referendum.

At the time of publication, the price of Bitcoin was quoted at US$93.892,64 with a drop of 0.5% in the last 24 hours.

Recognized as a leading hub for financial innovation and nicknamed “Crypto Valley,” Switzerland has been steadily strengthening its position as a leader in the decentralized finance sector. If approved, the constitutional amendment will further cement the country’s role as a pioneer in the use of blockchain technologies and cryptocurrencies. The proposal seeks to ensure greater financial independence for citizens and is aligned with Swiss values ​​of self-determination and security.

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Proponents of the initiative believe that incorporating Bitcoin into the constitution could set a global benchmark for how nations regulate and embrace digital assets. This move not only benefits cryptocurrency enthusiasts, but reflects a broader concern for digital sovereignty and economic freedom. By institutionalizing Bitcoin, Switzerland can strengthen the financial protection of its citizens and create a more robust and accessible system.

The signature drive has already begun, involving local actions, events in crypto communities and online initiatives. Each signature is crucial to achieving the goal within the 18-month deadline. Mobilizing the crypto community will be essential to making this vision a reality.

If the necessary signatures are collected, the proposal will move forward to a national referendum. This will allow Swiss citizens to democratically decide on the inclusion of Bitcoin as a constitutional right. If approved, the country will become the first in the world to adopt such a significant measure, solidifying its position as a global leader in the cryptocurrency market and fostering an international debate on the role of digital assets in national economies.

The proposal not only highlights the growing importance of cryptocurrencies in the global economic landscape, but also reiterates Switzerland’s ability to innovate and lead discussions on economic freedom and digital transformation. This is a defining moment for Bitcoin and the future of decentralized finance.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Tags: Switzerland

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