Swedish Bank Does Special OPED on Bitcoin
Swedish Bank Skandinaviska Enskilda Banken AB (SEB) recently did a special op-ed piece on Bitcoin. The article, which was published in a local Swedish newspaper Svanska Dagbladet, consecutively shifted between praising and criticizing the digital currency, probably to maintain the diplomatic quotient of its opinion. It started with a special comment on Bitcoin's stability, recalling how the currency gained value during its speculative phase; and how investors, at present, interpret a similar scenario for Bitcoin in the future. "Because there is a limited theoretical amount, it is clear....
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Swedish bank Skandinaviska Enskilda Banken AB (SEB) sponsored an article in Swedish daily Svenska Dagbladet about Bitcoin. The article takes a cautious look at Bitcoin, including its strengths and weaknesses. One concern the bank has in terms of Bitcoin's long-term appeal is its ability to fall under the purview of global regulations, while acknowledging the breakthrough that it is in payments. SEB, a Swedish financial group for corporate customers, institutions and private individuals headquartered in Stockholm, Sweden, was founded and remains controlled by the Swedish Wallenberg family.....
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The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year Exploring Solutions for the Pilot According to the report named “E-krona pilot phase 1,” the central bank highlighted that cash usage in Sweden is “declining.” That said, Riksbank sees potential problems arising from the decline in cash and....