Switzerland plans to launch proposal: to authorize the central bank to hold gold and BTC as part of its currency reserve assets

Switzerland is planning to launch a "federal popular initiative" proposal that would authorize central banks to add BTC as a local currency reserve asset in addition to gold, according to Blocksteam CEO Adam Back. Reserve Assets. According to the proposal, Article 99(3) of the Swiss Federal Constitution states that a portion of Switzerland's monetary reserve assets shall be held in gold (commonly known as the "gold standard"), but the new proposal now seeks to change this to "a portion of Switzerland's monetary reserve assets shall be held in gold and bitcoin."