The Swedish MP Rickard Nordin has formally questioned the government whether it will enable the central bank to add Bitcoin (BTC) to the foreign currency reserves of the country.
In an official written application Subject to Minister of Finance Elisabeth Svantesson, Nordin referred to the International Momentum and a growing worldwide debate on the role of digital assets in the national financial strategy.
He pointed to the US, where various states and federal officials have driven the idea to keep Bitcoin as a strategic reserve replacement in gold, especially in the light of escalating geopolitical and economic uncertainty.
Budget-neutral strategy
Nordin said that the monetary properties of Bitcoin are comparable to gold and that it is already used as a payment method in many parts of the world and as a hedge against hyperinflation.
He added that Bitcoin also plays a crucial role for people under authoritarian regimes and offers them a means to relocate and store value out of the reach of state control.
Instead of proposing direct purchases of Bitcoin, Nordin proposed a budget -neutral approach: retained bitcoin seized by the Swedish authorities, such as customs or police, instead of liquidating.
He used the US as an example, where federal agencies have built up considerable interests through the seizure of assets without allocating the funds of taxpayers to acquire the digital currency.
Sveriges Riksbank is currently maintaining a conservative reserve portfolio, mainly composed of foreign currency and gold. Nordin urged the government to reconsider that strategy in the light of evolving worldwide financial instruments.
Government response
The written question, officially registered under 2024/25: 997, requires a formal answer from Minister of Finance Svantesson by 16 April.
The government has not yet indicated whether stepping will undertake to expand the mandate of the Riksbank to include Bitcoin in its participations. At the time of publication, the Ministry of Finance did not comment on the investigation.
The movement of Sweden comes in the midst of broader international debates about the inclusion of decentralized digital assets in sovereign monetary planning.
Although El Salvador Bitcoin has already hired as a legal tender and has included in national reserves, more advanced economies have so far treated it as a speculative property.
Nordin’s proposal could encourage Sweden to explore a Middenweg, which means that confiscated digital assets as strategic hedge use without making direct financial bets.
