Assets, Bitcoin

Is Bitcoin Legal in Sweden?

Yes, Bitcoin is legal in Sweden. The Swedish Financial Supervisory Authority (Finansinspektionen) has regulated the country’s first Bitcoin exchange-traded product, Bitcoin Tracker One, and granted it a license to operate.

This makes Sweden one of the few countries in the world with a licensed Bitcoin product available for trading on a regulated exchange.

Bitcoin Tracker One is an exchange-traded note (ETN) that tracks the price of Bitcoin in U.S.

NOTE: WARNING: It is important to understand that the legal status of Bitcoin in Sweden is still unclear. While it is not illegal to buy, sell, and use Bitcoin in Sweden, there are some restrictions and regulations which make it difficult to do so. It is highly recommended that you research the current regulations and laws related to Bitcoin in Sweden before engaging in any activities involving the cryptocurrency.

dollars and is traded on the NAsdaq Stockholm exchange. The ETN is backed by Bitcoin held by XBT Provider, a subsidiary of the UK-based company Global Advisors (Jersey) Limited.

Investors in Sweden can now buy and sell the ETN through any online broker that offers access to NAsdaq Stockholm. The ETN is also available to investors in 179 other countries through Interactive Brokers and other online brokers.

The launch of Bitcoin Tracker One makes Sweden one of the most progressive countries when it comes to cryptocurrency regulation. Several other countries, including the United States, have yet to approve a cryptocurrency product for trading on a regulated exchange.

The Swedish Financial Supervisory Authority’s decision to approve Bitcoin Tracker One for trading on NAsdaq Stockholm shows that the regulator is open to embracing new financial technologies. This is positive news for the cryptocurrency industry and could pave the way for more crypto products to be approved for trading on regulated exchanges in Sweden and other countries.

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