Marketing campaign founder Yves Bennaim isn’t giving up. Even after his group failed to collect sufficient signatures to drive a Swiss nationwide referendum on Bitcoin reserves, Bennaim mentioned one other push may comply with.
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The Swiss direct democracy system requires campaigns to hit a signature threshold inside 18 months — his staff didn’t make it.
A Daring Proposal That Didn’t Get Off The Floor
The initiative would have required the Swiss National Bank to carry Bitcoin alongside gold and foreign currency. Supporters argued that including Bitcoin to the SNB’s reserves would cut back dependence on the US greenback and the euro.
Bennaim drew a parallel to Switzerland’s long-standing custom of neutrality, framing Bitcoin as an impartial different to the dominant international currencies.
He additionally pushed again towards claims that Bitcoin lacks liquidity, pointing to the billions of {dollars} transferring by worldwide crypto exchanges on daily basis.
LATEST: 🇨🇭 Swiss crypto advocates are abandoning their bid to drive the Swiss Nationwide Financial institution to carry Bitcoin, falling in need of the 100,000 signatures wanted for a constitutional referendum. pic.twitter.com/q95Eio5uCq
— CoinMarketCap (@CoinMarketCap) May 8, 2026
However the SNB wasn’t persuaded. The financial institution has remained cautious, and European Central Financial institution policymakers have made their place clear — reserve belongings should be liquid, safe, and secure.
Bitcoin’s price file hasn’t helped its case. The cryptocurrency has dropped roughly 7% up to now this yr, following a file $126k ATH in October 2025.
Europe Nonetheless Divided On Crypto In Central Financial institution Reserves
Primarily based on reports from Reuters, the failed Swiss marketing campaign displays a wider disagreement throughout Europe. Policymakers haven’t reached any consensus on whether or not digital belongings belong in central financial institution reserve methods.
That debate has sharpened as crypto has turn into more durable to disregard in international finance. Some establishments have been testing blockchain-based programs. Others stay targeted on issues about value swings, security, and the flexibility to promote giant holdings shortly with out transferring markets.
Bennaim’s staff framed the marketing campaign as greater than only a Bitcoin bid. They wished Swiss officers to noticeably assess the applied sciences reshaping the monetary sector. A future initiative, they mentioned, stays doable.
AMINA is now the primary regulated financial institution to assist custody and buying and selling for Canton Coin.
For institutional, company, {and professional} buyers, digital belongings are more and more about infrastructure, scale, and execution self-discipline, not experimentation. @CantonNetwork… pic.twitter.com/04b9Urx1Er
— AMINA Financial institution (@AMINABankGlobal) May 6, 2026
Swiss Monetary Corporations Push Forward With Blockchain
The marketing campaign’s collapse hasn’t slowed the broader Swiss monetary business. AMINA Financial institution lately turned the primary establishment registered with Swiss monetary regulator FINMA to supply custody and buying and selling providers for Canton Coin.
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By means of the transfer, institutional shoppers acquire entry to the Canton Community, a platform constructed for tokenization, collateral administration, and settlement.
Goldman Sachs, Visa, Citadel, and the Depository Belief & Clearing Company are among the many organizations backing the community.
Featured picture from Unsplash, chart from TradingView
