A new proposal has been submitted to the Swedish Finance Minister to include Bitcoin in the country’s national reserves.
A second Swedish parliamentarian has joined the call to incorporate Bitcoin into the nation’s reserves. On April 14, Dennis Dioukarev, a member of the Riksdag representing the Sweden Democrats, formally questioned Finance Minister Elisabeth Svantesson, proposing a national strategy to accumulate Bitcoin using confiscated assets.
“This is a trend observed in many countries,” wrote Dioukarev, referring to the U.S. government’s initiative to establish a strategic Bitcoin reserve with seized funds. “Is this something the Minister and the government are considering?”
Dioukarev’s initiative follows a similar proposal by MP Rickard Nordin, who on April 8 urged the same Minister to reconsider Sweden’s conservative approach to its reserves, in light of the growing global importance of the cryptocurrency. In his letter, Nordin stated:
“Many international actors consider Bitcoin a store of value and a hedge against inflation. In many parts of the world, Bitcoin is used as a means of payment and as protection against rising inflation.”
Other European countries have also shown interest in Bitcoin. Last January, the Governor of the Czech National Bank, Aleš Michl, proposed evaluating the addition of the asset to the country’s $7 billion in foreign reserves, calling it a powerful tool for national asset diversification.
