Amid the global efforts to adopt Crypto, members of Riksdag, the Swedish Parliament, Minister of Finance in the country, Elizabeth Svenson, urges to evaluate Bitcoin (BTC) to make Sweden’s property.
The Swedish legislator proposes bitcoin reserves
On Monday, a member of the Swedish Parliament and the Finance Committee Dennis Dycraff sender A letter to the Minister of Finance asking her to think about adding encryption to the country’s national reserve.
Dioukarev posted the translated message on X, highlighting the global trend of countries that buy or refrain from selling seized digital assets, including BTC. He also pointed out that the United States is creating a bitcoin reserve, which raises the issue of whether the country should develop a strategy similar to the creation of SBR along with gold and currency reserves in Sweden.
Dioukarev's letter to Sweden's finance minister. Source: Dennis Dioukarev on X
US President Donald Trump signed an executive order on March 6 to create a Bitcoin Strategic Reserve and “Digital Asset Stock” within the US Treasury. The matter states that the initiatives to be funded by Crypto, which were seized from the procedures for criminal and civil civil confiscation, including the American property of BTC 200,000 and other digital assets already owned by the Ministry of Treasury.
After the American steps, the legislator suggested that he not use taxpayer money to buy bitcoin. Instead, he suggested that the Swedish authorities be directed to transfer BTC to the central bank in Sweden.
The letter was closed by asking the Minister of Finance if “Is this something that the minister and the government think?”
In the X Publication, a member of the encryption community interrogation Whether it has a “somewhat honest and full understanding of the technology concerned”, which indicates that it will be a “dangerous arduous battle” otherwise.
Global Reserve direction BTC
Another member of the Riksdag, Ricard Norddin sent a similar letter asking the Minister of Finance to include BTC in Sweden’s reserves to diversify currency property.
As Bitcoinist reported, the legislator asked whether the minister and the government were considered “the possibility of allowing RiksBank to include Bitcoin in the currency reserves in Sweden, and will the minister and the government give Riksbank such an opportunity?”
In April 7 speech, Norddin also indicated that many international players consider Bitcoin a valuable store and hedge against inflation. In addition, Nordin emphasized that BTC is used as a means of payment and “an important way for freedom fighters to manage payments when it is under the suppression of authoritarian regimes.”
For example, the Federal Deputy Brazil, Iros Beyondini, presented a draft law in November to create a national reserve to diversify the financial assets of the Brazilian Treasury and “ensure the country’s economic sovereignty”.
Italy and the Czech Republic recently witnessed support for the BTC reserves, while many American countries were in a SBRS race, with many of them still submitting projects through the legislative process.
This trend has opened the discussion to include BTC in government foreign exchange reserves despite Sweden’s traditions of “carefully conservative and managed foreign drainage reserves, which consist mainly of foreign currencies and gold.”
Ultimately, Nurdin’s speech states that Svantesson has until Wednesday, April 16th, to respond, while Dioukarev, the Minister of Finance, until Wednesday, April 23, to answer his question.
Bitcoin's performance in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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