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Sweden Eyes First-Ever National Bitcoin Reserve Amid Geopolitical Tensions

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Sweden may turn into one of many first nations in Europe to determine a nationwide Bitcoin reserve, following a parliamentary movement submitted on October 1 by Dennis Dioukarev and David Perez of the Sweden Democrats (SD).

The movement, titled “A Swedish Bitcoin Strategy” (Motion 2025/26:793), calls on the federal government to analyze how a strategic Bitcoin reserve could possibly be constructed and to find out which authority can be greatest suited to handle it.

The movement additionally asks the federal government to verify that it doesn’t plan to change the authorized definition of tender or introduce a central financial institution digital forex underneath the Riksbank Act.

Proposal Urges Sweden to Treat Bitcoin Like Gold as a Store of Value

The lawmakers argue that Sweden’s central financial institution already maintains a gold reserve and overseas alternate reserves, and Bitcoin may function a complementary asset.

They level to developments within the United States, the place a nationwide Bitcoin reserve framework was not too long ago superior by way of the bipartisan GENIUS Act.

Other nations, together with the United Kingdom and Finland, have collected Bitcoin by way of seizures, whereas the Czech Republic, Latvia, and Poland are reportedly weighing related methods.

The Swedish proposal outlines a number of causes for including Bitcoin to state reserves. These embrace diversification, on condition that Bitcoin’s worth shouldn’t be tied to the financial insurance policies of any single nation; inflation safety, because the cryptocurrency’s provide is capped at 21 million; and liquidity, with Bitcoin buying and selling repeatedly and at low transaction prices in comparison with fiat currencies.

The lawmakers additionally body Bitcoin as a sign of digital innovation, describing it as an asset now comparable in scale to silver and bigger than firms similar to Tesla, Meta, and Amazon.

To keep away from extra spending, the movement suggests a budget-neutral strategy wherein legislation enforcement businesses switch seized Bitcoin to the Riksbank or one other designated authority as a substitute of auctioning it off.

The debate over a nationwide Bitcoin technique has been constructing in Sweden all through 2025. In April, MP Dennis Dioukarev wrote to Finance Minister Elisabeth Svantesson urging her to consider adding Bitcoin to the country’s reserves, drawing comparisons to gold as a retailer of worth.

MP Rickard Nordin echoed the call in a separate letter dated April 8, arguing that Bitcoin may safeguard monetary sovereignty amid rising international uncertainty.

Both lawmakers cited the instance of the United States, which has formalized its strategy to Bitcoin holdings after years of constructing reserves by way of seizures.

Despite these appeals, Swedish authorities have maintained a cautious stance towards the crypto sector. Regulators have taken a strict line on exchanges and miners lately, citing tax and compliance dangers.

The proposal now earlier than parliament will probably be reviewed by the Finance Committee on October 15, the place lawmakers will debate whether or not Sweden ought to be a part of the rising checklist of countries actively exploring state-level Bitcoin reserves.

If permitted, Sweden would place itself amongst a small however increasing group of governments treating Bitcoin as a strategic monetary asset.

Sweden Balances Bitcoin Adoption With Tougher Seizure Laws

Sweden is seeing a rising convergence between crypto adoption and more durable state oversight.

Justice Minister Gunnar Strömmer instructed authorities to step up asset seizures under a new law focusing on unexplained wealth, which took impact in November 2024. The measure permits confiscation of money, crypto, and luxurious items if homeowners can not justify their revenue.

So far, over $8.3 million has been seized. The legislation has sparked controversy, with critics warning of dangers to civil liberties after circumstances similar to a lady shedding $137,000 and a Rolex at Gothenburg airport.

At the identical time, Swedish companies are more and more turning to Bitcoin as a treasury asset. Health expertise firm H100 Group AB disclosed a 4.39 BTC purchase in May, calling it a “long-term” stability sheet technique.

In July, digital commerce agency Refine Group AB followed with a $1 million Bitcoin reserve funded by way of a share challenge. Both firms mentioned they plan to increase holdings.

Nations and States Eye Strategic Bitcoin Reserve as Inflation Hedge

Massachusetts is set to debate the creation of a state-backed Strategic Bitcoin Reserve (SBR), with lawmakers scheduled to carry a listening to on October 7.

Supporters body the measure as a hedge towards inflation and a step towards diversifying property, whereas critics cite volatility and regulatory uncertainty.

If superior, Massachusetts can be the primary Democratic-led state to significantly take into account a Bitcoin reserve.

Similar measures have already handed in Texas and Utah, whereas Wyoming and Michigan are contemplating payments that might allocate a portion of state funds to Bitcoin.

Momentum can also be constructing overseas. Kazakhstan recently launched its first national crypto reserve, the Alem Crypto Fund, deciding on BNB as its preliminary asset in partnership with Binance.

Meanwhile, Brazil is weighing a $19 billion Bitcoin reserve by way of its RESBit initiative, whereas the Philippines and Pakistan have outlined their very own state-led methods.

With greater than 25 U.S. states and several other nations now exploring related insurance policies.

The publish Sweden Eyes First-Ever National Bitcoin Reserve Amid Geopolitical Tensions appeared first on Cryptonews.

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