Rickard Nordin, a member of the Swedish Parliament, has proposed that the government include Bitcoin (BTC) in the country’s foreign exchange reserves.
Nordin highlighted Bitcoin’s similarities to gold and its potential to serve as an effective hedge against global inflation, arguing that such a move could enhance Sweden’s financial stability.
The proposal specifically suggests that Bitcoin seized by authorities such as through customs or police operations should be retained in the state’s reserves instead of being sold at auction. This, Nordin argues, would allow for strategic accumulation while avoiding additional tax burdens.
Swedish Finance Minister Elisabeth Svantesson is expected to respond to the proposal by April 16. If approved, Sweden could become one of the first European nations to officially hold Bitcoin as part of its national reserves.
