Swedish Lawmaker Proposes Adding Bitcoin to National Reserves
Swedish politician Rickard Nordin has put forward a proposal urging the country’s finance minister to consider including Bitcoin in Sweden’s foreign exchange reserves, according to BlockBeats. Drawing inspiration from a recent executive order by former U.S. President Donald Trump supporting Bitcoin reserves, Nordin recommends a “budget-neutral” approach to this move. While Sweden has traditionally held conservative reserve assets like gold and foreign currencies, Nordin argues that the fast-evolving digital asset space can no longer be overlooked. Bitcoin, he noted, is gaining recognition as a global inflation hedge and a commonly used payment tool.
At the same time, the head of the Czech National Bank is also evaluating Bitcoin as a potential tool for diversifying reserve assets. In contrast, the European Union has not taken a clear stance on Bitcoin, instead focusing on developing its own digital euro. According to the founder of venture capital firm DFG, the EU's cautious approach to Bitcoin is largely due to its prioritization of the digital euro—despite concerns over the ECB's recent struggles with its T2 payment system. ECB President Christine Lagarde has announced plans to roll out the digital euro in October, emphasizing that it will coexist with physical cash and feature a ‘pseudo-anonymous’ system to address privacy concerns. This approach stands in stark contrast to the U.S., where the Trump administration has openly rejected central bank digital currencies, banning the issuance or use of a digital dollar.
