Swedish Proposal to Include Bitcoin in National Reserves Gains Attention

According to BlockBeats, Swedish lawmaker Rickard Nordin has submitted an open letter to the finance minister, proposing the inclusion of Bitcoin in the country's foreign exchange reserves. Inspired by U.S. President Donald Trump's executive order on Bitcoin reserves, the proposal suggests a 'budget-neutral' implementation. Nordin emphasized that while Sweden traditionally maintains a conservative approach to foreign reserves, primarily holding foreign currencies and gold, the rapid development of digital assets cannot be ignored. Bitcoin is increasingly recognized by international institutions as a hedge against inflation and is widely used as a payment method globally. Meanwhile, the governor of the Czech National Bank is also considering incorporating Bitcoin into the strategy for diversifying foreign exchange reserves. However, the European Union remains largely silent on Bitcoin legislation, focusing more on advancing the digital euro. According to the founder of venture capital firm DFG, the EU's lukewarm stance on Bitcoin stems from its prioritization of the digital euro, despite recent issues with the European Central Bank's T2 payment system raising concerns about its digital currency management capabilities. ECB President Christine Lagarde has stated plans to introduce the digital euro in October, ensuring its coexistence with cash and addressing privacy concerns through a 'pseudo-anonymous' design. This contrasts sharply with U.S. policy, where the Trump administration firmly opposes central bank digital currencies, explicitly banning the issuance and circulation of any dollar-based CBDC.