Swedish MP: Proposes to establish a national Bitcoin reserve to supplement gold and foreign exchange reserves

ChainCatcher news, according to Decrypt, two members of Sweden's second-largest party, the "Sweden Democrats," submitted a motion to Parliament on October 1, urging the government to study whether Sweden should establish a national Bitcoin reserve.

The motion describes Bitcoin as "digital gold," suggesting that it could serve as a complement to gold and foreign exchange reserves, diversifying the assets held by the state and providing inflation protection. The motion points out that establishing a strategic Bitcoin reserve would prepare "Sweden for potential disruptive changes in global financial infrastructure." Additionally, the motion also proposes that the government confirm its intention not to change the definition of legal tender or introduce a central bank digital currency (CBDC).