• Sweden's news in English
 

Swede runs for office just using Bitcoin funds

Published: 12 Jul 2014 16:36 GMT+02:00

Mathias Sundin, who is a member of the Liberal Party (Folkpartiet), has dubbed himself as 'The world's first political Bitcoin only candidate' on his Twitter profile

The 36-year-old is currently the deputy mayor of Norrköping, eastern Sweden, and has previously served as an MP in the Swedish parliament (Riksdag). He intends to return there after September's election but is turning his back on traditional ways of funding.

"To promote the spreading of Bitcoin and increase the awareness of new political challenges, I will – as the first political candidate in the world – only accept campaign donations in Bitcoin," Sundin wrote on his blog.

Bitcoin is a digital currency and peer-to-peer payment system introduced as open source software in 2009 by developer Satoshi Nakamoto. The currency uses cryptography to control the creation and transfer of money. The currency has enjoyed a boom in the past year, gaining significantly in value.

However, it has also attracted many negative headlines for alleged use by criminals. In February The Local reported that Bitcoins were a common medium of exchange in connection with the sale of illicit drugs in Sweden.

Sundin claims that he was initially sceptical about the digital currency but now reckons it could be his ticket back to Stockholm.

"Then I read up on it and understood that it has the potential to change the world. Or, really, it was when I realised that I could order pizza and pay in Bitcoin," the Swede wrote online.

If the Bitcoin funding gets him into office then he has promised to clamp down on what he refers to as "knee-jerk" regulation of the currency. A Bitcoin mining company announced plans to open a new data centre in northern Sweden in February.

He also wants to change the tax system to help start-ups and states in his profile that he is an 'entrepreneur.' 

The Swede has made headlines in the past after he worked on the presidential campaign of Republican senator John McCain in 2008. He told The Local in 2012 that openly supporting the US Republican party can make for a "strange existence" in Sweden.

"You get weird questions and are always on the defensive having to explain your views," he said.

Swedes go to the polls on September 14th.  

The Local/pr

For more stories about Sweden, join us on Facebook and Twitter

The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Sweden heading for coldest weekend of 2015
Snowy weather in Stockholm last week. Photo: TT

Sweden heading for coldest weekend of 2015

It's only Tuesday, but meteorologists are already warning that the weekend could the coldest this year, with temperatures dipping below -10C in the south of the country. READ  

Sweden's public radio blocked by 'Nazi' tape
The front door to the offices of P4 Dalarna on Tuesday morning. Photo: Johannes Rosendahl

Sweden's public radio blocked by 'Nazi' tape

Staff at P4 Dalarna radio, which is part of Sweden's national public radio broadcaster Sveriges Radio, discovered tape put up by neo-Nazis blocking the entrance to their office's main entrance on Tuesday morning. READ  

Islamism 'threat' greater than Nazism: SD leader
Acting Sweden Democrat leader Mattias Karlsson. Photo: TT

Islamism 'threat' greater than Nazism: SD leader

Acting Sweden Democrat leader Mattias Karlsson has said Islamism is "a greater threat than Nazism", sparking a strong response from Jewish and Muslim communities as the world marks 70 years since the liberation of Nazi concentration camps. READ  

Opinion
'Sweden's healthcare is an embarrassment'
A Swedish hospital emergency room. Photo: TT

'Sweden's healthcare is an embarrassment'

For this week's debate article, Johan Hjertqvist, president of Health Consumer Powerhouse, an organization which compares global healthcare systems, reacts to a new report which reveals that waiting times in Sweden's hospitals are among the worst in Europe. READ  

Ericsson profits drop as US demand slumps
Ericsson's Stockholm office. Photo: TT

Ericsson profits drop as US demand slumps

Swedish telecoms giant Ericsson's profit plunged by over a third in the fourth quarter of 2014, dragged down by falling demand in its key market North America, the company announced on Tuesday. READ  

Record 'Oscar' win for Sweden's Ruben Östlund
Swedish director Ruben Östlund. Photo: TT

Record 'Oscar' win for Sweden's Ruben Östlund

Sweden's hottest director of the moment, Ruben Östlund, was celebrating on Tuesday after his movie Turist scored a record number of awards at Sweden's Guldbagge 2015 ceremony, the country's version of the Oscars. READ  

Sweden 'soon' to return missing Maori skulls
The Karolinska Institute where the skulls are currently kept. Photo: TT

Sweden 'soon' to return missing Maori skulls

Maori skulls taken from a burial cave and later used as part of attempts to scientifically justify racism by Swedish scientists are set to be returned to New Zealand in the near future, despite 'red tape' stalling the process. READ  

Sweden Democrat head to remain on sick leave
Jimmie Åkesson on election night. Photo: TT

Sweden Democrat head to remain on sick leave

Jimmie Åkesson, the leader of Sweden’s nationalist Sweden Democrats, will remain on sick leave until the end of March 2015. READ  

Sweden remembers Holocaust victims
A wall remembering Jews with links to Sweden, next to Stockholm's Great Synagogue. Photo: TT

Sweden remembers Holocaust victims

Events are taking place across Sweden to mark the 70th anniversary of the liberation of the Auschwitz-Birkenau concentration camps. READ  

'I’m in Sweden thanks to Sven-Göran Eriksson'
The Local's Editor Maddy Savage with a statue of 'Svennis' in 2006. Photo: Private

'I’m in Sweden thanks to Sven-Göran Eriksson'

Maddy Savage moved to Stockholm five months ago to become The Local’s Editor, but it was a chance assignment to the Swedish home town of former England football manager Sven-Göran Eriksson in 2006 that set her on an unlikely path towards a career in Sweden. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
IN PICTURES: January snow snaps
Gallery
Property of the week: Skanör, Vellinge
National
Why Sweden's Left party wants a European 'Red Spring'
Lifestyle
'Life as a Swedish candy-maker is sweet'
Gallery
IN PICTURES: Sweden's hottest new fashion designers for 2015
Blog updates

26 January

The mysterious -s, part 1 (The Swedish Teacher) »

"Hej! How is your Swedish coming along? A while ago I read on a forum on The..." READ »

 

23 January

Editor’s blog, January 23rd (The Local Sweden) »

"Happy Friday from The Local’s team in Stockholm. We can’t wait for the weekend, when we’re planning..." READ »

 
 
 
Gallery
IN PICTURES: Who travels on Stockholm's different subway lines?
Lifestyle
Why this Swedish baby is a US hit
Lifestyle
'Limousine' snowplough for sale
People-watching: January 24th - 25th
Gallery
People-watching: January 24th - 25th
Society
Meet the 'beggars' buttoning up immigration critics
Lifestyle
What's on in Sweden this week
Gallery
IN PICTURES: Princess Madeleine through the years
Features
Learn Sweden's bizarre dating lingo
People-watching: January 21st - 22nd
Gallery
People-watching: January 21st - 22nd
Society
Why Sweden's viral 'genital' video is getting an English remake
National
Why does Sweden's Luleå have a giant ice beaver?
Gallery
IN PICTURES: Who are Sweden's richest one percent?
Business & Money
How a classic Swedish snack got a revamp for 'busy' Stockholmers
Lifestyle
The Local's top Swedish acts for 2015
Gallery
IN PICTURES: Sweden's Årets Bild photography prize winners
Business & Money
'I met my Swedish man in Tokyo's first Ikea store'
Gallery
Property of the week: A cozy apartment in Bromma, Stockholm
Gallery
People-watching: January 17th - 18th
Lifestyle
How to make Swedish gravad lax
Lifestyle
Four hot Swedish home design trends
National
How The Local's video on a strange Swedish sound went viral
Gallery
People-watching: January 14th
National
The Local's guide to Europe in statistics - from Spain to Sweden
Politics
Paris attacks: Knock-on effects in Sweden and across Europe
National
Swedish Muslims react to new Charlie Hebdo magazine
National
The Local talks to Sweden's Home Affairs Minister about Paris attacks
Business & Money
Will Spotify launch on stock market after users rocket?
Accelerated
Texans and Swedes to play ice instruments
Gallery
Property of the week: An 18th century mansion in Stockholm
Business & Money
'Snowboarding drew me to work in chilly Sweden'
National
Are Sweden's royals moving to London?
National
How Sweden's Charlie Hebdo rally broke a winter protest record
Gallery
IN PICTURES: Princess Madeleine through the years
Gallery
IN PICTURES: Stockholm's 'no pants' subway day 2015
Gallery
People-watching: January 10th - 11th
Gallery
IN PICTURES: Stockholm holds Charlie Hebdo rally
National
Have you seen Sweden's viral children's 'genital' song?
National
Mother of 'Superman' victim warns of ecstasy drug trend in Sweden
Sponsored Article
Everything you need to know about moving to Stockholm
Sponsored Article
How to jump-start your career in southern Sweden
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

1,115
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se
Counselling and Psychotherapy in English
Sometimes living in another culture can cause stress, confusion and feelings of sadness and loneliness. Talking to a professional psychotherapist/counsellor might help you. I am a UKCP Reg. psychotherapist. My practice is in Södermalm, Stockholm.
Contact me to discuss your options