Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Sweden lawmakers push for national Bitcoin reserve
Share
  • bitcoinBitcoin(BTC)$119,991.14
  • ethereumEthereum(ETH)$4,461.74
  • rippleXRP(XRP)$3.05
  • tetherTether USDt(USDT)$1.00
  • binancecoinBNB(BNB)$1,096.95
  • solanaSolana(SOL)$230.47
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.255782
  • tronTRON(TRX)$0.342623
  • cardanoCardano(ADA)$0.86
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Bitcoin > Sweden lawmakers push for national Bitcoin reserve
BitcoinCrypto

Sweden lawmakers push for national Bitcoin reserve

admin
Last updated: 02/10/2025 5:42 Chiều
admin
Published 02/10/2025
Share


Sweden is stepping into the global crypto conversation. A bold new motion in parliament could see the country soon establish a Bitcoin reserve as gloabl interest rises.

Summary

  • Lawmakers in Sweden have proposed creation of a national Bitcoin reserve.
  • The reserve would be funded with Bitcoin seized by law enforcement.
  • The lawmakers opposed the creation of a CBDC, seeking to protect Bitcoin’s legal status.
  • The proposal is expected to be reviewed by the Financial Committee on October 15.

Sweden may be moving closer to integrating Bitcoin into its national reserves. On Oct 1, lawmakers submitted a parliamentary motion proposing the establishment of a strategic Bitcoin reserve. The motion calls for the government to explore the largest crypto asset as a hedge against inflation and a tool for diversifying state assets.

To fund the reserve, the lawmakers propose using Bitcoin (BTC) confiscated by law enforcement rather than allocating new funds. Last November, Sweden passed legislation permitting the seizure of luxury assets and crypto from individuals who cannot justify their wealth. To date, over $8.4 million worth of such assets has been confiscated, presenting a potential pool of capital for the reserve.

The proposal, set for review by Oct. 15, outlines transferring these seized cryptocurrencies to the Riksbank or a designated authority, bypassing traditional auctions. They added that this could strengthen state assets, with Bitcoin’s liquidity, capped supply, and independence from central banks providing a hedge alongside gold and foreign currencies.

The lawmakers also called on the government to preserve Bitcoin’s legal status. The motion urges that no changes be made to Sweden’s legal definition of tender and that a central bank digital currency (CBDC) should not be introduced under the Riksbank Act. The move, they argue, would reinforce clarity for market participants and uphold Sweden’s commitment to financial openness.

Sweden’s crypto reserve plan mirrors global trend

The latest motion builds on earlier efforts. In April, two lawmakers wrote a letter to Sweden’s Finance Minister Elisabeth Svantesson, advocating for a national strategy that embraces Bitcoin as part of the nation’s future financial planning. 

The push comes in response to an emerging global trend. The lawmakers pointed to the United States, where a strategic Bitcoin reserve is already being developed. They noted that the GENIUS Act, recently passed by both the Senate and the House with bipartisan support, provides a legal framework for such a reserve.

Meanwhile, countries like Finland, Kyrgyzstan, Ukraine, Kazakhstan, and Brazil have also signaled interest in creating their own strategic crypto reserves.

You Might Also Like

Russia’s Rostec launches ruble-backed stablecoin RUBx on Tron blockchain

Dow inches higher with earnings, tariffs in focus

Is the Trump crypto team launching a branded crypto wallet and trading app?

VanEck launches ‘NODE’ ETF targeting blockchain stocks

Can Sei price keep climbing after Circle’s backing and ETF buzz?

TAGGED:BitcoinlawmakersnationalpushreserveSweden

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article One nation, under artificial intelligence
Next Article Citadel Wallet unveils Suiball, a hardware wallet built for the Sui blockchain
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
CAKE price surges 25% as BNB rally drives the chain’s flagship DEX token
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?