Cryptocurrency Analysis and News Portal
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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Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.Alecta took a loss in the deal after losing funds in the
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The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies.According to a Jan. 11 announcement, Binance said that following “months of constructive engagement” with the financial regulator, the FSA granted Binance Nordics AB’s
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Bnance has registered with Sweden's Financial Supervisory Authority, making the Nordic country the seventh European jurisdiction in which the crypto exchange has been granted approval. Source
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Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be banned. The Swedish central bank, known as the Riksbank, is the oldest central bank in the world. In a damning report entitled, "Cryptocurrencies and their impact
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