"Switzerland Moves to Include Bitcoin in National Financial System... Entering Signature Phase"

Switzerland is reportedly moving forward with legal amendments to integrate Bitcoin (BTC) into its national financial system, having entered the signature phase.

On the 31st, cryptocurrency-focused media Bitcoin Magazine reported, "An initiative to amend the law to integrate Bitcoin into the national financial system has begun," adding, "It has been published in the official gazette (as the first step) and has entered the signature procedure (as the next step)."

Meanwhile, for the legal amendment to succeed, a certain number of signatures from Swiss voters must be secured. It is expected that 100,000 signatures will be needed within 18 months for a national initiative to amend the law. If enough signatures are gathered, it will lead to a national referendum.