Swedish Enforcement Agency have settled a pending debt using Bitcoin

Recent reports indicate that officials from the Swedish Enforcement Agency have settled a pending debt using digital currency, which makes them the first country to accept Bitcoin for a debt being paid back to the state.



In a recent press statement, Johannes Paulson, in charge of operation development at the Swedish Enforcement Authority mentioned that: ”You find assets not only in the driveway or the living room, but also on the internet. We are used to dealing with the banking system. This is another sort of asset, and a particular way to ensure the sort of access we haven’t had before.”



However, while it is very likely for the Swedish government to continue accepting Bitcoin for settling various forms of debts, it is important to point out that the coins will not remain in their possession. Rather, they will be auctioned and sold to the highest bidder.