• Sweden's news in English
 

Swede runs for office just using Bitcoin funds

The Local · 12 Jul 2014, 16:36

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.

Story continues below…

"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 news from Sweden, join us on Facebook and Twitter.

The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Nobel secretary general resigns over Macchiarini row
Lendahl has resigned from two prestigious Nobel bodies. Photo: Fredrik Sandberg/TT

Nobel secretary general resigns over Macchiarini row
43 minutes ago

Swedish genetics professor Urban Lendahl, has announced his resignation from two prestigious Nobel bodies after it became clear he is likely to be involved in an investigation regarding the celebrity surgeon Paolo Macchiarini.

Man dies after falling four floors in Swedish nightclub
People queuing outside the Yaki-Da nightclub in Gothenburg last year. Photo: Yaki-Da Facebook

Man dies after falling four floors in Swedish nightclub
23 hours ago

A man in his 30s has died after falling from the fourth floor inside the Yaki-Da nightclub in Gothenburg late on Friday night.

Julian Assange
British press savages Assange and UN panel
Wikileaks founder Julian Assange holding a U.N. report on the balcony of the Ecuadorean Embassy in London. Photo: Katy Wrigglesworth/AP

British press savages Assange and UN panel
1 day ago

UK newspaper columnists on Saturday took aim at Julian Assange and the UN panel that found the anti-secrecy campaigner had been "arbitrarily detained".

Julian Assange
Assange: 'Today is a significant victory for us'
Julian Assange's press conference on Friday. Photo: Mattias Areskog/TT

Assange: 'Today is a significant victory for us'
1 day ago

Will Julian Assange be able to walk free?

Julian Assange
Swedish rape activists slam UN on Assange
The board of Swedish women's refuge lobby Roks. (Zozan Inci front left). Photo: Roks

Swedish rape activists slam UN on Assange
1 day ago

“The UN thinks that the justice of the women who have been assaulted and raped is less important than the right of a possible offender to walk freely in the streets.”

Ikea loses right to own trademark in Indonesia
What four yellow letters can Ikea put up at its store outside Jakarta. Photo: Flickr/BxHxTxCx

Ikea loses right to own trademark in Indonesia
1 day ago

You thought that Ikea was a Swedish purveyor of flatpack furniture? Well not in Indonesia it isn't, at least not any more.

The Local List
Four fab facts about Sweden's 'Melodifestivalen' mania
Måns Zelmerlöw won Eurovision song contest 2015. Photo: Jessica Gow/TT

Four fab facts about Sweden's 'Melodifestivalen' mania
1 day ago

Christmas, Midsummer and Lucia are all important holidays in Sweden. But there is one event that is bigger than them all.

The Local music
Ten fantastic Swedish songs for February
Maja Francis. Photo: Adam Ihse/TT

Ten fantastic Swedish songs for February
2 days ago

February brings a haul of great new Swedish pop - let our music writer, Paul Connolly, take you through the very best.

Elderly Swedes arrested in Thailand for playing bridge
Stock picture of playing cards. Photo: Ingvar Karmhed/SCANPIX

Elderly Swedes arrested in Thailand for playing bridge
2 days ago

A game of bridge had an unexpected ending for 32 club members in Thailand, including three Swedes.

Swedish Volvo's offloads costs for big profit rise
A Volvo trucks plant in the US. Photo: AP Photo/Patrick Semansky

Swedish Volvo's offloads costs for big profit rise
2 days ago

Truck maker Volvo reported a big profit boost on Friday following a massive cost-cutting programme.

Sponsored Article
How to set up shop in the 'Silicon Valley of Sweden'
International
Who exactly is Julian Assange?
Sponsored Article
US taxes and FATCA: 'The time for hiding is over'
Travel
Stockholm's eight REAL no-go zones
Gallery
People-watching: February 3rd
Blog updates

4 February

City Runs (The Diplomatic Dispatch) »

"Since moving to Stockholm I’ve been blessed to live next to the Djurgarden, and to be…" READ »

 

3 February

An amazing month for The Local as Europe thirsts for news (Globally Local) »

"Here at The Local, we shy away from blowing our own trumpet – but sometimes if…" READ »

 
 
 
Sponsored Article
Swiss hospitality: The ladder to your international career
National
'How confronting the man who robbed me gave me closure'
Sponsored Article
Ice magic at north Sweden island lodges
National
TIMELINE: All the twists and turns in the Julian Assange case
Analysis & Opinion
DEBATE: Why are Swedes so obsessed with Nordic skiing?
Culture
See which Swedish museums are now opening up for free
Sponsored Article
Just landed? Here's the secret to finding work in Stockholm
Gallery
Property of the week: Insjön, Nacka
Sponsored Article
Stockholm's secret ski resort: Kungsberget
National
VIDEO: Tensions caught on camera inside Swedish asylum home
Gallery
People-Watching: January 29th - 31st
Sponsored Article
Luleå: 8 winter must-dos in Sweden's far north
International
How will Sweden deport up to 80,000 failed asylum seekers?
Sport
When you gotta go... Swedish racing dog does poo and then takes gold
Sport
Guess who just got a HUGE pay rise?
Travel
WATCH: Five top tips for safe ice skating on Sweden's gorgeous lakes
Gallery
People-watching: January 27th
National
'Sweden could be at war within years'
Gallery
Property of the week: Öjersbo, Kungsbacka
International
Why is the Pope coming to Sweden?
Travel
Ten must-see Stockholm museums
National
He created Sweden's huge snow penis
Culture
The historic moment when Abba reunited on stage in Sweden
Analysis & Opinion
OPINION: Why I can't embrace Sweden's obsession with hugging
Gallery
IN PICTURES: Mamma Mia The Party show opens in Stockholm
3,407
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