Swedish meatball 🍝 · First Step Bitcoin

Swedish meatball 🍝

🏁 The race for countries to begin acquiring bitcoin, which has had a slow start following U.S. president Donald Trump's March executive order that established a national bitcoin reserve, has been entered by Sweden, with local lawmakers proposing that the country investigate establishing a strategic bitcoin reserve to tackle inflation and diversify its holdings.

🇸🇪 Sweden should “participate in this digital arms race and join the growing group of nations that have accepted and recognized the potential of bitcoin," Sweden Democrats Dennis Dioukarev and David Perez said.

- The pair floated the idea of funding the reserve through seized bitcoin despite Sweden not appearing to have any publicly listed bitcoin holdings.

🚫 The proposal would also see the government "declare that it ... does not intend to introduce a digital central bank currency," a "crucial" part of the plan, according to Samson Mow's Jan3 bitcoin wallet and nation-state bitcoin advocacy company.

- In April, Sweden's finance minister was urged to consider adopting bitcoin.

Forbes

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