"Two members of Sweden's parliament have called on the government to explore creating a national Bitcoin reserve, marking the latest push by a European country to consider Bitcoin as part of its financial holdings. The motion, filed Oct. 1 by Swedish Democrats Dennis Dioukarev and David Perez, asks the Riksdag to task the government with investigating how a Bitcoin reserve could be established and which authority would oversee it."
"The lawmakers also urged the government to commit to not changing the definition of legal tender under the Riksbank Act - a move that would rule out a Swedish central bank digital currency. In their proposal, Dioukarev and Perez framed bitcoin as "digital gold" that could complement Sweden's existing reserves of gold and foreign exchange. They pointed to Bitcoin's fixed supply and independence from state monetary policy as giving it unique diversification benefits."
"The idea comes as countries worldwide are reassessing their approach to cryptocurrencies. In the U.S., President Donald Trump signed an executive order earlier this year to establish a federal Bitcoin reserve, funded largely through confiscated digital assets. Finland and the United Kingdom have accumulated Bitcoin through seizures, while Poland, Latvia and the Czech Republic are weighing whether to create their own reserves."
Two members of Sweden's parliament filed a motion asking the Riksdag to task the government with investigating how a national Bitcoin reserve could be established and which authority would oversee it. The motion frames Bitcoin as "digital gold" to complement existing gold and foreign-exchange reserves, citing Bitcoin's fixed supply and independence from state monetary policy as diversification benefits. The motion also urges the government to commit not to change the definition of legal tender under the Riksbank Act, effectively ruling out a Swedish CBDC. The proposal notes other countries' actions, says Sweden currently holds no bitcoin and suggests funding a reserve with seized bitcoin.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]