Riksbank Governor Wants to Minimize Bitcoin in Financial Sector

Sweden’s central bank governor seeks to keep Bitcoin trading away from the country’s financial system, warning about potential losses after the crypto currency has reached new all-time highs.

“I want as little Bitcoin as possible in the Swedish financial system,” Erik Thedeen told reporters after a parliamentary hearing on monetary policy on Tuesday. “It’s an instrument that is impossible to value, and in practice it’s based on pure speculation.”