Swedish MP Suggests Finance Minister to Include Bitcoin in Foreign Exchange Reserves

Blockbeats
11 Apr

BlockBeats News, April 11th, according to Cointelegraph, Swedish parliamentarian Rickard Nordin recently submitted an open letter to the Minister of Finance, proposing to include Bitcoin in the national foreign exchange reserve system. This proposal was inspired by a Bitcoin reserve executive order signed by U.S. President Trump, suggesting implementation in a "budget-neutral" manner. In the open letter, Nordin pointed out that "Sweden has traditionally adopted a conservative and prudent foreign exchange reserve strategy, mainly holding foreign currencies and gold, but the rapid development of digital assets cannot be ignored. Bitcoin has been considered by many international institutions as a hedge against inflation, widely used as a means of payment in many parts of the world."

At the same time, the Governor of the Czech National Bank is also considering incorporating Bitcoin into the foreign exchange reserve diversification strategy, but the European Union as a whole remains silent on Bitcoin legislation, focusing more on advancing the digital euro. An analysis by the founder of venture capital firm DFG believes that the EU's lukewarm attitude towards Bitcoin stems from its prioritization of the digital euro, despite recent doubts about the European Central Bank's digital currency management capabilities following the recent failure of the T2 payment system. ECB President Lagarde has explicitly stated that the plan is to launch the digital euro in October this year, ensuring its coexistence with cash and addressing privacy concerns through a "pseudo-anonymous" design. This sharply contrasts with the U.S. policy, as the Trump administration strongly opposes central bank digital currencies, explicitly banning the issuance and circulation of any USD-based CBDC.

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