Swedish Lawmaker Proposes Tax Exemption for Everyday Bitcoin Transactions
Swedish lawmaker Rickard Nordin has submitted a motion to the Finance Committee proposing a tax exemption for the use of Bitcoin for everyday transactions. This move aims to encourage the adoption of Bitcoin as a means of payment in Sweden and bring the country in line with global crypto trends.
A key aspect of Nordin’s proposal is the elimination of the 30% capital gains tax on small Bitcoin transactions. According to Nordin, this tax exemption could increase Bitcoin usage in Sweden and provide a hedge against inflation amid economic volatility. He emphasized that several countries and institutions have already included Bitcoin in their investment strategies as a means to mitigate risks associated with inflation, currency devaluation, and geopolitical uncertainties.
Bitcoin as a Hedge Against Inflation
Nordin highlighted the potential of Bitcoin to serve as a hedge against inflation, citing examples of countries where cryptocurrencies are already being used as a means of payment due to high inflation rates or limited access to traditional banking. He also noted that Bitcoin has become a significant force in the global economy, with several countries and companies accumulating the asset as part of their reserves.
In addition to the tax exemption proposal, Nordin called on the Finance Committee to consider including Bitcoin in Sweden’s foreign exchange reserves. Currently, Sweden’s foreign exchange reserves consist mainly of traditional fiat currencies and assets such as gold. Nordin suggested that allocating a small portion of these reserves to Bitcoin could diversify Sweden’s financial portfolio and strengthen its position in the face of risks in the international financial system.
A National Bitcoin Reserve in Sweden?
Nordin’s proposal is not the first time the idea of a national Bitcoin reserve has been discussed in Sweden. In April 2025, he proposed the creation of a “budget-neutral” Bitcoin reserve, inspired by President Donald Trump’s order to establish a national Bitcoin reserve. Since then, the proposal has gained traction, with Swedish lawmakers submitting a parliamentary motion to create a strategic Bitcoin reserve, scheduled to be considered on October 15th.
According to data from Bitcoin Treasuries, several governments around the world have already accumulated significant amounts of Bitcoin, with the United States holding the largest amount, worth around $24.36 billion. China, despite having a nationwide ban on cryptocurrency trading, holds the second-largest amount of Bitcoin, valued at approximately $2.3 billion, accumulated from confiscated cryptocurrency over the years.
As the proposal to exempt daily Bitcoin transactions from the 30% tax gains momentum, it will be interesting to see how the Swedish government responds to the idea of a national Bitcoin reserve and the potential benefits it could bring to the country’s economy. For more information on this developing story, visit https://crypto.news/swedish-mp-urges-exempting-daily-btc-from-30-tax/
