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“I think this is a weak argument. It is like saying: If we don’t make it – weapons, drugs, child pornography, crypto mining, whatever – somebody else will, so we might as well do it,” Overland said. “Norway uses this argument a lot about its oil, claiming that it is
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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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Sveriges Riksbank, Sweden's central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country's own such asset — the e-krona. "The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona," Riksbank's June
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Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best.Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on
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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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