Bitcoin is becoming increasingly popular, even at an international level. Two Swedish parliamentary members advocate this Bitcoin (BTC) to include in the national reserves. Sweden is the next country in which Bitcoin could play a strategic role.
Bitcoin in the Swedish state treasury
On Monday, April 14th stood Dennis Dioukarev, representative of the Swedish Democrats, an official request to finance minister Elisabeth Svantesson. The question concerns the development of a national strategy to collect Bitcoin by confiscated bitcoins.
In the official request, he expressly refers to the United States. There have been plans there since March to build a national Bitcoin reserve with confiscated Bitcoin.
This request is not completely unexpected in Sweden. A week earlier struck Parliament member Rickard Nordin presented the traditional approach of the Swedish reserves.
He mentioned that Bitcoin is increasingly viewed worldwide than ‘protection against inflation’. It is also a means of payment that is used by freedom fighters who live under an authoritarian regime.
International trend: from America to Italy
The questions of Dioukarev and Nordin fit into a wider, geopolitical trend. Bitcoin has been a legal means of payment in El Salvador for some time. Donald Trump also signed a proposal in March that enables a Bitcoin reserve.
In the Czech Republic, the central bank is also considering adding Bitcoin to the foreign currency reserves. And specific steps have already been taken in Italy. At the beginning of this year, Intesa Sanpaolo, the country’s largest bank, bought Bitcoin worth around $ 1 million.
And what about Germany?
Although there are activities related to Bitcoin in Sweden, Italy and the Czech Republic, Europe as a whole is not yet convinced. ECB President Christine Lagarde explained in January that Bitcoin was ‘insecure’ and did not belong in central bank reserves. A striking statement in view of the growing group of politicians and institutions that Bitcoin consider as a good asset to add it to reserves.
In Germany, the discussion about a national Bitcoin reserve has so far been reserved, but is gaining a trip. Parties such as the FDP, Bündnis Germany and the AfD are increasingly demanding a national Bitcoin strategy to establish Germany as a leading location for Bitcoin. The financial industry also shows interest: With the Digital Exchange (DBDX), the German stock exchange has created a platform for the trade of cryptocurrencies, and Deutsche Bank predicts a positive development for Bitcoin.