2019-12-14 21:17 |
Sweden’s central bank is making plans to create a pilot platform for a digital currency known as the e-krona
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The wave of Central Bank Digital Currency (CBDC) is gaining momentum after China’s progress and expected coin launch in 2020. Sweden is the latest country to announce a pilot test plan for the ‘e-krona’ digital currency; this will be its CBDC in the near future as more governments continue to embrace FinTech in digital payments. […]
2019-12-14 19:12 | |
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It seems that not a day goes by without another central bank jumping on the crypto train. Yesterday it was South Korea, today it is Sweden as plans to roll out the crypto krona gather pace. e-Krona Pilot Partnership Sweden’s central bank is poised to sign a deal with multinational professional services company Accenture to begin pilot testing its CBDC, the e-krona.
2019-12-14 10:51 | |
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During a recent panel discussion, Stefan Ingves, the Governor of Sweden’s central bank, Sveriges Riksbank, laid out a six-step plan for the introduction of is central bank digital currency. The first issue in this plan is that both large value and retail payments must be settled in the central bank digital currency anywhere around the […]
2019-11-22 21:08 | |
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Sweden’s Central Bank Governor has outlined a six-step plan on how the state bank can implement its own digital currency. He outlined a checklist that needs to be completed before the idea is fully implemented.
2019-11-22 18:03 | |
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A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.
2019-10-17 20:00 | |
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Sweden’s central bank chief has explained that Facebook’s Libra cryptocurrency should serve as a catalyst for central banks around the world to rethink their role and reform to incorporate the digital age.
2019-10-16 21:10 | |
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Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.
2019-10-16 15:33 | |
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The head of Sweden’s Riksbank says Facebook’s Libra is shaking central banks globally into action
2019-10-16 12:58 | |
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.
2019-8-15 09:53 | |
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Sweden’s Civil Contingencies Agency issues guidance to stockpile cash Could Bitcoin have a role to play in case of emergency like power cuts, technology glitches, terrorism or war Cashless payments are what the world is moving towards and the Swedish government has been the example for that “cashless society.” The central bank of Sweden, Riksbank […]
2019-5-11 20:44 | |
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Sweden’s central bank has its parliament to form a committee to review what constitutes legal tender in the country. Originally reported by Bloomberg’s Amanda Billner, the new committee will give a definitive answer on the definition of legal tender as Sweden increasingly moves away from cash to credit and debit cards for paying for goods and services.
2019-5-3 12:00 | |
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According to an article by the Financial Post “cash is almost extinct” in Sweden due to the country’s efforts to become a cashless society. Recently, Sweden’s Central Bank, also known as Riksbank, released a statement requesting clarification on legal tender.
2019-4-30 18:24 | |
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The oldest central bank on the planet has called on politicians to define the concept of money legally and its definition may include crypto. In an increasingly cashless society, the Swedish Riksbank is struggling to come to terms with its diminishing responsibilities and is seeking clarification on them as a matter of urgency.
2019-4-30 02:00 | |
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Cash is becoming a thing of the past in Sweden where some restaurants only accept card payments, a recent development that can have significant ramifications for the monetary system. “The...
2019-4-30 20:43 | |
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It’s been a wild day, not least for Julian Assange, who woke up a political asylum seeker under Ecuador’s protection, and is now sat in a Central London police cell, presumably being grilled by the Met’s finest.
2019-4-11 17:03 | |
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According to an op-ed published November 19, 2018, by world-renowned economist Nouriel Roubini aka “Dr. Doom,” central bank digital currencies (CBDCs) could potentially replace cryptocurrencies in the near future.
2018-11-21 02:00 | |
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With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.
2018-11-15 22:38 | |
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Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector. Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden, has authored an article as part of the World Economic Forum’s Annual Meeting of the Global Future Councils.
2018-11-12 04:00 | |
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The trial should analyze e-krona technical issues, and whether the CBDC can meet several characteristics including scalability and security, the country’s central bank announced.
2018-10-31 23:21 | |
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The Riksbank is researching ways to create a secure and efficient payment platform for an e-krona.
2018-10-30 23:06 | |
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The central bank of Sweden, Riksbank, has been toying with the idea of using the digital money for a while now, as it needs to adapt its increasingly cashless society. Because of this, the government is currently with plans to launch a new cryptocurrency called e-Krona.
2018-10-27 18:41 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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Zebpay, once India’s largest cryptocurrency exchange, is moving operations to Malta after having shut shop on its home turf last month. The exchange, which currently supports 20 cryptocurrencies, will serve users in 20 countries across Europe: Malta Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Latvia Netherlands Poland Portugal Slovenia Sweden Unfortunately, the exchange won’t be accessible to users in India.
2018-10-18 12:42 | |
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The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.
2018-10-18 20:05 | |
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Sweden’s central bank is discussing introducing a controversial new measure that will further deter its citizens from saving. The oxymoronic “negative interest” on tax accounts is technically designed to stimulate the economy.
2018-10-7 12:50 | |
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Shares of H&M dropped by more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits. The disappointing earnings report also raised concerns about the retailer’s June sales and its ability to meet full-year profit margin targets.
In its latest report, Sweden’s Riksbank stressed the necessity for extensive technical and regulatory development to ensure secure offline payments with e-kronas. Sweden’s central bank, Riksbank, cautioned in its recent research note on CBDCs about the potential risks associated with…
The CEO of Btc.x mentioned the possibility of governments considering the MiCA framework inadequate, leading to a two-sided power dynamic.
The EU's Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients' transactions to help combat tax-related criminal activities.
Corite is a Web3 engagement platform designed to help artists raise funds. Corite has raised over $1 million for its artists through Fan Campaigns so far. It currently has over 100,000 users. Corite, the Swedish music-tech startup, will host a sale of NFTs that let fans get a share of British rapper Central Cee’s hits.
Sweden is doing away with tax incentives for data centers come July. This decision could affect bitcoin (BTC) miners who had turned to Nordic country to increase their profitability
The Swedish central bank’s third report on a potential CBDC raised several issues while focusing on a rather narrow question.