Sweden's stance on Bitcoin and cryptocurrencies has taken an interesting turn with a member of the parliament proposing the addition of Bitcoin to the country's foreign exchange reserves. This move by Swedish MP Rickard Nordin signifies a growing openness towards cryptocurrency adoption in Europe, following recent developments in the United States.

In an open letter addressed to Finance Minister Elisabeth Svantesson on April 8, Nordin highlighted the potential benefits of including Bitcoin in Sweden's national reserve assets. He pointed out that while Sweden traditionally maintains a conservative foreign exchange reserve primarily consisting of foreign currencies and gold, the rapid growth of digital assets, particularly Bitcoin, cannot be ignored. Nordin emphasized that many international players view Bitcoin as a hedge against inflation and a secure store of value. Additionally,

Source: https://cointelegraph.com/news/swedish-mp-bitcoin-reserve-finance-minister?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound