Swedish lawmaker proposes establishing a national Bitcoin reserve to supplement gold and foreign exchange reserves

ChainCatcher news, according to Decrypt, two members of parliament from 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 it could serve as a supplement to gold and foreign exchange reserves, diversifying the country's assets and providing protection against inflation. The motion points out that establishing a strategic bitcoin reserve would "prepare Sweden for potential disruptive changes in the global financial infrastructure." In addition, the motion proposes that the government confirm it does not intend to change the definition of legal tender or introduce a central bank digital currency (CBDC).