Swedish Parliamentarian Rickard Nordin recently submitted a written inquiry to the Minister of Finance, proposing to consider adding Bitcoin to the national foreign exchange reserves. In this document, Mr. Nordin emphasized that many countries worldwide are gradually recognizing Bitcoin's role in the financial system. Specifically, El Salvador has officially recognized Bitcoin as legal tender, while central banks globally continue to discuss the impact of cryptocurrency, especially Bitcoin, on traditional monetary policy.
However, the Swedish Central Bank currently maintains a cautious attitude. In March 2024, the Governor of the Swedish Central Bank, Erik Thedéen, previously stated that Bitcoin has no place in the country's financial system. Currently, Sweden has no legal regulations allowing Bitcoin to be included in national foreign exchange reserve assets, and this might require significant adjustments to the legal framework and macroeconomic financial strategy.
Nevertheless, Nordin's move demonstrates the increasing interest within the Swedish legislative body regarding the potential role of digital assets, especially Bitcoin, in a global economic landscape experiencing powerful changes in financial technology and monetary structure. Whether Sweden will consider changing its stance remains uncertain, but this is viewed as an initial step opening official discussions about Bitcoin's future in the national financial system.
