Two members of Sweden’s national parliament have suggested that the country should look into creating a Bitcoin
Their goal is to mitigate the impact of inflation and diversify Sweden’s financial assets.
The lawmakers, Dennis Dioukarev and David Perez from the Sweden Democrats, presented this proposal to the Riksdag. They suggested that Sweden should take part in what they describe as a “digital arms race”.
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To fund the reserve, they raised the idea of using Bitcoin that has been seized by authorities, although they have not yet proposed who would be responsible for managing it.
The proposal also includes a request that the government keep current laws on the country’s central bank unchanged. This would show that Sweden does not intend to introduce a central bank digital currency, at least for the time being.
Dioukarev and Perez argued that adding Bitcoin to Sweden’s reserves, alongside the national currency and gold, could protect the country from risks linked to politics, global events, or economic problems.
Since Bitcoin’s value is not based on any single country’s policies, they noted that it could offer more stability during uncertain times.
They also pointed out that Bitcoin is limited in supply, faster to transfer than traditional money, and has low transaction costs. These features could help guard against rising prices over time.
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