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- Nordin urged Sweden to retain seized Bitcoin as part of its national reserve holdings.
- The proposal cites U.S. agencies holding Bitcoin from seizures without using public funds.
- Finance Minister Svantesson must respond to the inquiry by April 16, 2025.
Swedish Member of Parliament Rickard Nordin has asked the government to consider adding Bitcoin to the national reserve. In a written inquiry addressed to Finance Minister Elisabeth Svantesson, Nordin raised the idea of incorporating seized Bitcoin into Sweden’s foreign asset holdings. He stated that this approach could be cost-neutral while aligning with global monetary discussions.
Proposal Cites International Trends and Shifting Financial Systems
Nordin submitted the inquiry under registry number 2024/25:997. He cited recent discussions in the United States, where policymakers have explored using Bitcoin similarly to gold. These proposals surfaced due to rising global economic tensions and shifting currency strategies.
He noted that federal agencies in the U.S. have held BTC acquired through seizures. This practice has grown without requiring direct purchases using public funds. According to Nordin, this model allows Bitcoin holdings without burdening the taxpayer.
He further referenced global cases where Bitcoin has served as a value-storing tool, especially under strict political regimes. The asset, he wrote, helps individuals protect their funds when facing state-imposed restrictions.
Focus on Confiscated Bitcoin Over Direct Acquisition
Nordin emphasized that his proposal did not involve purchasing Bitcoin on the open market. Instead, he recommended allowing the Swedish government to retain digital assets confiscated by authorities. These agencies include the Customs Service and the police, which have previously liquidated such assets.
He added that Bitcoin shares key monetary characteristics with gold. These include limited supply and global acceptance. Nordin stated that this makes it a relevant instrument for national reserves. He urged the Swedish government to reconsider the composition of its reserve portfolio based on these developments.
Currently, Sveriges Riksbank holds foreign currencies and gold. There are no digital assets included in the central bank’s current holdings. The inquiry questions whether this policy remains effective amid global changes.
Finance Minister Response Due by April 16
The Swedish government must respond to the inquiry by April 16. As of now, no statement has been issued by the Finance Ministry. There is also no indication that the Riksbank’s mandate will change to accommodate digital assets.
The proposal marks a new development in Sweden’s monetary policy discussions. It comes amid broader global evaluations of digital assets in sovereign financial planning. Sweden joins other nations in assessing how cryptocurrencies might factor into long-term strategies.
El Salvador remains the only country to include Bitcoin as a legal tender and a formal reserve asset. Nordin’s inquiry presents a possible middle path using assets already in state possession.
