Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-...
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test E-krona The main task during the new phase of the pilot will be to trial “the technical solution for the e-krona” with the participation of real market entities. To accomplish this, Riksbank has invited Handelsbanken, one of....
Related News
Bitcoin has not affected the stability of Sweden's economy, according to a new paper published by the country's central bank. The latest issue of the Sveriges Riksbank Economic Review, published on 18th September, includes the article What is Bitcoin by Bjorn Segendorf, from the bank's Financial Stability Department. Segendorf provides an overview of the bitcoin protocol, mining and price movements. He also includes a section analysing bitcoin use in Sweden and the currency's interactions with the Swedish krona. According to Segendorf, retail payments using bitcoin in Sweden are likely to....
The Central Bank of Sweden has announced plans to introduce its own digital currency in the next two years. The growing popularity of Bitcoin and its benefits has got the central banks across the world considering the pros and cons of implementing a digital version of their respective fiat currencies. None of the countries have so far come up with a solid plan, except for Sweden. The National Bank of Sweden — Sveriges Riksbank has earlier today announced its intention to launch Ekron, a digital currency as the country’s legal tender in the next two years. The plans to launch the digital....
Sweden's central bank is now considering the possibility of issuing its own digital currency, though the exact technology it will use is yet to be determined. As profiled in The Financial Times today, Riksbank said it is facing pressure to make the switch following a decline in domestic cash use. (According to the report, the amount of notes in circulation has declined 40% since 2009). Cecilia Skingsley, deputy governor at the Riksbank, said the bank is currently considering the tradeoffs of various technologies. Though she did not mention blockchain specifically, the FT cited the....
Sweden's central bank has begun to study the feasibility of moving the country to a digital currency.
Sveriges Riksbank, Sweden's central bank, has published a brief economic commentary on the impact of digital currencies on the retail payments market. The document outlines the basics behind digital currencies and focuses on bitcoin, but it also mentions some altcoins such as litecoin and dogecoin. Aside from a relatively basic introduction to digital currencies and background information for novices, the document also sheds light on the state of bitcoin in Sweden and the bank's attitude towards bitcoin and other cryptocurrencies. Take-up remains limited. The Sveriges Riksbank report found....