Swedish MP proposes Bitcoin reserve to finance minister

A member of Sweden’s parliament has proposed adding Bitcoin to the country's national foreign exchange reserves, suggesting increased openness to cryptocurrency adoption in Europe following recent moves by the United States. Swedish MP Rickard Nordin has issued an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin (BTC) as a national reserve asset. “Sweden has a tradition of a conservative and carefully managed foreign exchange reserve, mainly consisting of foreign currencies and gold,” Nordin wrote in a letter registered on April 8, adding:“At the same time, there is a rapid development in digital assets, and several international players regard bitcoin as a custodian and a hedge against inflation. In many parts of the world, bitcoin is used as a means of payment and as security against rising inflation source: https://cointelegraph.com/news/swedish-mp-bitcoin-reserve-finance-minister?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound