Two members of Sweden’s parliament, Dennis Dioukarev from the Sweden Democrats and Rickard Nordin from the Centre Party are urging the finance ministry to include Bitcoin in the country’s official reserves. They have written open letters to Finance Minister Elisabeth Svantesson, advocating for a strategic shift in national financial planning to incorporate Bitcoin.
Dioukarev, in a letter submitted on April 14, proposed that the government begin accumulating Bitcoin through confiscated crypto assets held by law enforcement. He referenced the United States’ recent move to build a national Bitcoin reserve using seized digital assets, calling it a growing global trend. Dioukarev questioned whether Sweden’s finance ministry had any plans to explore a similar path.
In a letter dated April 8, Nordin challenged Sweden’s traditional reserve policy that relies on assets like gold. He proposed that the government consider allowing the Riksbank to hold Bitcoin in its foreign currency reserves. He argued that Bitcoin is a hedge against inflation and promotes democracy, particularly for activists in authoritarian regimes. To make this change budget-neutral, he suggested that Sweden retain Bitcoin seized by law enforcement instead of selling it. Nordin also highlighted the successful U.S. model of building a Bitcoin reserve without direct purchases or federal funding.
The push follows the United States’ bold step in March when President Donald Trump signed an executive order officially designating Bitcoin as part of the country’s sovereign reserves—a move that elevated the concept from crypto think tanks into formal government policy.
Since then, interest in the idea has spread across Europe. Earlier this year, Czech central bank governor Aleš Michl discussed Bitcoin as a viable diversification tool for national reserves. French lawmaker Sarah Knafo had also urged European countries to consider building Bitcoin reserves instead of rolling out central bank digital currencies.
However, not all nations are embracing the shift. Australian officials have dismissed the idea, stating last month that the Albanese administration remains focused on regulating crypto rather than accumulating it.
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