Swedish MP Proposes Bitcoin Inclusion in Foreign Reserves

According to PANews, Swedish Member of Parliament Rickard Nordin has called on the Finance Minister to diversify the country's foreign exchange reserves by including Bitcoin. This request has reignited discussions on how Sweden manages its foreign reserves. Nordin's written inquiry to the Swedish Parliament highlights the potential consideration of Bitcoin as part of the official reserves. He noted that some countries, notably El Salvador, have already adopted Bitcoin as legal tender. Furthermore, Nordin emphasized that central banks worldwide are increasingly discussing Bitcoin and its impact on monetary policy, suggesting that holding Bitcoin could become an essential part of broader financial risk management strategies. His inquiry also referenced developments in the United States, pointing out that Bitcoin has gained prominence in more formal settings, including ETFs and corporate acquisitions of the cryptocurrency.