Sweden's central bank governor Erik Thedeen calls for minimizing Bitcoin exposure in the country's financial system, citing its speculative nature and potential risks to consumers.
Sweden's central bank governor Erik Thedeen has issued a stern warning against the risks posed by the volatile and speculative nature of Bitcoin, seeking to limit its exposure within the country's financial system.
Speaking to reporters after a parliamentary hearing on monetary policy, Thedeen stated his desire to keep Bitcoin trading at bay.
"I want as little Bitcoin as possible in the Swedish financial system," he said. "It's an instrument that is impossible to value, and in practice it's based on pure speculation."
Thedeen's stance echoes that of his predecessor, Stefan Ingves, who had previously likened Bitcoin trading to the collection of trading stamps, underscoring the central bank's long-standing skepticism towards the digital currency.
While acknowledging that Bitcoin does not currently pose a threat to financial stability, Thedeen highlighted the potential risks to consumers. The Riksbank governor's comments highlight the ongoing debate surrounding the regulation and mainstream integration of cryptocurrencies, as policymakers grapple with the challenges posed by these emerging digital assets.
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