Swedish lawmakers are urging the government to incorporate Bitcoin into national reserves, using seized assets as a means of financial independence. This proposal aligns with the US strategy of accumulating Bitcoin from confiscated funds, rather than selling it to raise reserves. 🇸🇪
The legislators’ suggestion reflects a growing interest in Bitcoin for national security and economic stability.
The proposal highlights utilizing seized Bitcoin by law enforcement agencies such as the Customs of Sweden and police for reserve assets without needing public funding.
While Swedish lawmakers aim to diversify the central bank’s portfolio beyond traditional gold and fiat currencies, Rickard Nordin, a Member of the European Parliament from Sweden, has proposed expanding this strategy to include Bitcoin as a core reserve asset. This comes after his request on April 8th for the central bank, Sveriges Riksbank, to revise its reserve strategy.
This move aligns with broader global discussions around Bitcoin in national reserves. The Czech National Bank, for example, suggested Bitcoin as a diversification tool in January. France’s Sarah Knafo has urged European nations to shift their focus from central bank digital currencies to Bitcoin. Finally, the United States is actively building its own sovereign Bitcoin reserve using confiscated funds.
The Swedish proposal adds further momentum to these international conversations and reflects a growing recognition of Bitcoin’s role as part of future economic frameworks.