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The Defiant 2025-04-11 18:00:40

Swedish MP Rickard Nordin Proposes Bitcoin for National Reserves as Singapore Candidate Tan Urges Strategic Reserve

Swedish MP Rickard Nordin Proposes Bitcoin for National Reserves as Singapore Candidate Tan Urges Strategic Reserve

Swedish MP Rickard Nordin has proposed the inclusion of Bitcoin in Sweden's national foreign exchange reserves, a move inspired by an executive order from former President Donald Trump on March 7. Nordin's proposal is part of a broader discussion among Swedish politicians regarding the potential benefits of Bitcoin as a strategic reserve asset. Meanwhile, in Singapore, MP candidate Tan has urged the national government to establish a strategic Bitcoin reserve, asserting that Bitcoin is superior to gold and warning that the country risks falling behind if it does not adopt such measures. Former UK Prime Minister Liz Truss has also weighed in, stating that Bitcoin could help shift power away from governments, emphasizing the failures of fiat currencies. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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