Swiss MP Wants Bitcoin in Constitution and Central Bank Reserves
- Swiss MP proposes Bitcoin in the constitution
- Project wants BNS to keep BTC in reserves
- Popular initiative requires 100 signatures
Swiss MP Samuel Kullmann gained notoriety by championing a proposal to include Bitcoin in the Swiss constitution. In a video posted on social media, the parliamentarian explained that he and his team are working to create a "popular initiative" that would allow citizens to vote on requiring the Swiss National Bank (SNB) to hold part of its reserves in BTC.
This popular initiative mechanism is part of the Swiss democratic system and allows the public to propose direct changes to the constitution, provided they gather at least 100.000 valid signatures. Kullmann described the instrument as an "advocacy tool," capable of pressuring politicians to adopt measures supported by society.
🇨🇭 SWITZERLAND MP JUST ANNOUNCED PLANS TO ESTABLISH A STRATEGIC the #BITCO RESERVED
HERE WE GO!! pic.twitter.com/9DkBVZzrd3
— Vivek Sen (@Vivek4real_) October 27, 2025
The MP's interest in Bitcoin-related policies is not new. In 2021, he had already declared himself "very active in his pro-Bitcoin stance" in parliament. In November 2024, Kullmann led a motion in the Canton of Bern to study the use of Bitcoin mining as an energy stabilization solution. The proposal was approved by a large majority, with 85 votes in favor and 46 against.
Despite growing political mobilization, the Swiss National Bank remains opposed to the idea of holding cryptocurrencies in its reserves. In March 2025, its governor, Martin Schlegel, reiterated that the SNB is not considering incorporating digital assets, citing volatility risks and regulatory challenges. According to the executive, reserves should support monetary policies, and in his view, Bitcoin does not serve this purpose.
Despite the central bank's rejection, Swiss financial institutions have been adopting cryptocurrencies in their services. Luzerner Kantonalbank became the country's first universal bank to allow customers to use BTC and ETH as collateral for loans. Banks like Sygnum and Swissquote have also expanded their operations, accepting assets as collateral for credit lines and crypto-based ETFs.
On the international stage, governments' accumulation of Bitcoin reserves is gradually growing. Global data indicates that the United States is the largest holder of the asset, with 326.588 BTC, followed by China. Among European countries, only the United Kingdom, Finland, Germany, and Bulgaria currently hold BTC in state treasuries, while Switzerland is debating whether to take the next step with direct support from its population.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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