This week, two Swedish legislators urged the country’s finance minister to consider adding Bitcoin to the Sweden reserves.
Sweden Democrat member of the Riksdag Dennis Dioukarev and MP Rickard Nordin have issued open letters to Finance Minister Elisabeth Svantesson, insist on a national strategy that Bitcoin embraces as part of the future financial planning of the country.
Dioukarev’s letter, submitted On April 14, he suggested that Sweden starts collecting Bitcoin with the help of confiscated crypto assets. He pointed to similar efforts in other countries, in particular the United States, which recently launched a National Bitcoin reserve that was financed by seized funds.
“This is a trend in many countries,” Dioukarev wrote and asked if the Ministry of Finance had plans to explore the idea.
Nordin’s April 8 Letter Made a similar matter and asked the government to reconsider its traditional reserve policy that focuses on traditional assets such as gold and the worldwide rise of Bitcoin takes more seriously.
“Have the minister and the government considered the possibility of allowing the Riksbank to admit Bitcoin in Sweden of Sweden, and will the minister and the government take steps to enable the Riksbank to do this?” He wrote.
Nordin not only framed Bitcoin as a cover against inflation, but also as a financial tool for activists and dissidents who live under authoritarian regimes. With reference to his role as a censorship -resistant payment system, he suggested that Bitcoin is in line with democratic values and freedom of expression.
To set up such a reserve, Nordin proposed a budget -neutral approach that means that Bitcoin is seized by authorities such as the Swedish customs agency or the police, rather than selling it.
“This is how the US has built up a considerable amount without assigning budgetary funds or buying the cryptocurrency directly,” he added.
Before the US came in, the concept of a National Bitcoin reserve usually lived in crypto circles and think tanks. That changed in March, when recurring President Donald Trump signed an executive order to turn Bitcoin into a formal part of the American sovereign toolkit.
The idea has been resonated beyond Washington since Trump promised to set up a national Bitcoin reserve. In January of this year, the Czech Central Bank -Governor Aleš Michl presented Bitcoin’s idea as a diversification tool.
Before that, Sarah Knafo, member of the French Parliament, had to build national Bitcoin reserves in the European countries instead of a digital currency of the central bank.
However, not everyone is on board with the idea. Australia, for example, has made it clear that it will not follow the US through the Bitcoin Reserve path. A spokesperson for the assistant treasurer said last month that the Albanian government is focused on regulations, not on accumulation.
