Swedish Lawmakers Push for Bitcoin Reserve to Diversify National Holdings and Bypass Fiat Risk

Sweden is evaluating a proper movement that would pave the way in which for the nation’s first nationwide Bitcoin reserve. On October 1, 2025, MPs Dennis Dioukarev and David Perez submitted a proposal calling on the Swedish authorities to discover the combination of Bitcoin into the nation’s state reserves. Their proposal contains transferring confiscated digital belongings to nationwide belongings and making certain the nation’s financial coverage framework stays unaffected.

The Sweden Democrats, the celebration behind the movement, play a key position in supporting the nation’s present minority coalition. With over 20% of the vote within the final basic election, their affect on nationwide policymaking stays vital. In response to the textual content submitted to the RiksdagThe intention is to diversify the Swedish reserve construction, which at present consists of gold and fiat currencies, by including a digital element.

Bitcoin seizures as a financing mechanism

As a substitute of allocating public funds, the proposal outlines a plan to construct the Bitcoin reserve utilizing belongings seized by Swedish authorities. In November 2024, Sweden handed a regulation permitting the seizure of luxurious belongings, together with cryptocurrencies, from people who fail to show authorized possession.

So far, authorities have seized greater than $8.4 million in crypto belongings beneath the up to date laws. The lawmakers suggest that these belongings be transferred on to the Riksbank or different designated state authority. This method bypasses typical public sale strategies usually used to liquidate seized objects.

The movement states that instantly integrating seized belongings into nationwide reserves is extra environment friendly and in keeping with the objective of long-term diversification. Though the ultimate authority liable for managing the businesses has nonetheless not decided, the proposal leaves this query open for future decision-making.

No change within the Swedish authorized tender framework

Along with the backup plan, Dioukarev and Perez name on the Swedish authorities to decide to sustaining the present definition of authorized tender. They’re towards the introduction of a central financial institution digital forex (CBDC) beneath the Riksbank Act, the regulation that regulates the actions of the Sveriges Riksbank. The movement explicitly requires no legislative adjustments to the present financial framework.

Whereas Sweden has already largely transitioned to digital funds, primarily via platforms like Swish, issues stay in regards to the broader implications of CBDCs. In March 2024, the Riksbank revealed the ultimate report of its CBDC pilot, concluding that adopting such a forex is in the end a political choice. The Swedish Democrats’ proposal argues that sustaining Bitcoin’s authorized standing, whereas avoiding a state-issued digital forex, would sign continued assist for decentralized innovation.

Comparative context and regional dynamics

A number of different international locations have already began integrating digital belongings into public monetary buildings. El Salvador and Bhutan keep lively government-controlled Bitcoin holdings, whereas Kazakhstan has additionally taken steps to incorporate crypto in its reserves. As well as, international locations resembling Latvia, Poland and Finland have explored channeling seized digital belongings into official reserves. In the US, the GENIUS Act, signed in March 2025, licensed a nationwide Bitcoin reserve funded from confiscated belongings.

US states resembling Texas, Arizona and New Hampshire have taken steps to legislate their very own digital reserves. This sample displays rising curiosity in Bitcoin amongst nationwide and regional governments, particularly as geopolitical uncertainty adjustments the way in which states assess financial stability. Dioukarev and Perez cite this worldwide momentum as a motive why Sweden mustn’t delay its entry into what they describe as a “digital arms race.”

The lawmakers argue that with out such motion, Sweden dangers lagging behind its Scandinavian friends in securing digital sovereignty. Whereas international locations like Norway and Denmark have expanded their blockchain-related analysis and improvement, Sweden has but to formalize a nationwide place on Bitcoin reserves. Dioukarev and Perez see the reserve as each a defensive monetary instrument and a step towards broader recognition of blockchain’s position in future economies.

Bitcoin as safety towards world uncertainty

The movement outlines the precise advantages of including Bitcoin to the official Swedish reserve construction. Proponents level out that conventional reserves resembling gold and foreign currency stay uncovered to political, geopolitical and financial dangers. They emphasize that Bitcoin’s worth, alternatively, doesn’t rely upon the financial coverage selections of particular person states.

The proposal states that together with Bitcoin would decrease total correlation inside the nationwide reserve, probably enhancing resilience. Its decentralized nature, restricted provide of 21 million cash and deep world liquidity are cited as options contributing to its attraction. Moreover, Dioukarev and Perez declare that Bitcoin transactions are quicker and cheaper than fiat-based programs, rising the effectivity of cross-border and home operations.

Information from Bitbo confirms that Sweden at present has no listed Bitcoin in its nationwide treasury. Nonetheless, the nation’s authorized and technological framework might assist such a transition. Bitcoin is authorized in Sweden, with a number of crypto ATMs and trade platforms already regulated by the Swedish Monetary Supervisory Authority beneath anti-money laundering and Know-Your-Buyer pointers.

Constructing on earlier political motion

This isn’t the primary time Swedish lawmakers have mentioned the concept of ​​a nationwide Bitcoin technique. In April 2024, Rickard Nordin mentioned, Vice-chairman of the Center Partydespatched an open letter to Finance Minister Elisabeth Svantesson, asking the federal government to think about Bitcoin. He pointed to the worldwide rise in state-owned crypto reserves as a motive for an pressing overview.

The present movement displays that decision, however provides operational suggestions and authorized ensures. It goals to determine a transparent path for the switch of seized cryptocurrency belongings to nationwide holding firms, whereas offering regulatory readability to market contributors. The movement goals to strike a stability between the advantages of innovation and the steadiness of the present Swedish monetary framework.

Exercise within the Swedish crypto sector

In response to Tracxn, 85 firms are at present lively within the Swedish crypto trade. Of these, 20 have raised roughly $48 million in personal funding. The sector contains a mixture of trade platforms and chilly pockets builders, indicating rising participation within the broader blockchain financial system.

Supply: Tracxn

The lawmakers declare that proudly owning Bitcoin wouldn’t solely diversify monetary reserves but in addition place Sweden as a rustic open to digital innovation. By tying the reserve to present crypto confiscations and limiting taxpayer publicity, they argue that the technique aligns with each fiscal accountability and technological development.

Because the Riksdag prepares to overview the movement by October 15, Sweden joins a rising listing of nations evaluating how digital belongings might reshape conventional monetary planning. The result might decide whether or not Sweden adapts early or waits to comply with worldwide precedent.