In brief
- Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve.
- Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.”
- The U.S. and other nations have already explored or held strategic Bitcoin reserves.
Two members of the Sweden Democrats, the Riksdag’s right-leaning, second-largest party, have submitted a motion urging the government to examine whether Sweden should create a national Bitcoin reserve.
The motion, filed on Oct. 1 by Dennis Dioukarev and David Perez, calls for an investigation into how to build a strategic Bitcoin reserve and which authority is appropriate to manage it. It also proposes that the government confirm it does not intend to change the definition of legal tender or introduce a central bank digital currency.
The lawmakers argue that Bitcoin could serve as a complement to gold and foreign exchange reserves. They describe the cryptocurrency as “digital gold” with the potential to diversify state holdings and provide
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Author: Callan Quinn
