Two members of the Swedish Parliament, the Riksdag, have ignited a debate on the nation’s bitcoin policy, urging officials to consider integrating the cryptocurrency into the country’s financial strategy. This move comes as the United States, under President Donald Trump, is actively pursuing a national strategic bitcoin reserve, The Block reported.
Dennis Dioukarev, a long-serving Swedish MP, has formally questioned Finance Minister Elisabeth Svantesson about the possibility of establishing a national bitcoin policy. He proposed that Sweden follow the US lead and strengthen its currency reserves by including bitcoin alongside traditional assets like fiat and gold, without incurring public expenditure. “Is this something that the minister and the government are considering?” Dioukarev inquired.
Dioukarev’s inquiry is part of a growing trend across Europe, where policymakers are increasingly examining the potential of bitcoin as a reserve asset. Last week, fellow Riksdag member Rickard Nordin also called on Minister Svantesson to reassess bitcoin’s role in Sweden’s financial framework. This surge in interest follows the Czech National Bank Governor, Aleš Michl’s, proposal to diversify the Republic’s foreign reserves with up to $7 billion in bitcoin.
The conversation is heavily influenced by the United States’ recent policy shift. President Trump signed an executive order in March to create a strategic bitcoin reserve using confiscated cryptocurrency, mandating an audit of the nation’s substantial holdings, which, according to BitcoinTreasuries, total approximately 207,000 BTC.
However, the European Union remains divided on bitcoin adoption. European Central Bank President Christine Lagarde has expressed skepticism, stating that it is unlikely any central banks within the bloc will add bitcoin to their balance sheets.
