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Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance. Earlier this week, the central bank of Sweden aka Riksbank released a report detailing the third phase of its central bank digital currency (CBDC) research. Swedish Riksbank has proposed
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The country's central bank says it wants to understand the technical options before it takes the plunge to issue any new CBDC. Original Source
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Like the European Central Bank (ECB), Sweden, which is in the EU but does not use the euro currency, is looking at whether to allow those offline payments – which could aid privacy, but also bring the same kinds of risks of cash, like theft, or use of the funds
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Swedish banks have expressed apprehension over the central bank’s proposed e-krona digital currency and how it could affect their industry.With Sweden the nation that uses cash the least globally, the Riksbank has been considering taking digital payments using the e-krona mainstream. Late last year, Sweden’s financial markets minister, Per Bolund,
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Sweden's central bank has begun to study the feasibility of moving the country to a digital currency. Source
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Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank. Source
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On December 13th, Sweden’s central bank announced that it would be collaborating with Accenture, a strategy and consultancy firm for digital and technological operations, to begin the development process for a digital currency, the e-krona.The project will initially begin with creating a pilot platform so the development of cryptocurrency, called
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Notably, those reports revealed Riksbank’s reticence to base any such digital currency on a blockchain or distributed ledger technology (DLT), which Riksbank labeled an “inefficient technology.” But its 2018 report nonetheless stated that “an e-krona should be able to interact with DLT solutions.” Source
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Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona.While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is starting to
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