Sweden's 3rd Largest Bank Pay For Full Page Bitcoin Ad in Swedish Daily
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.....
Related News
Swedish bank SEB (Skandinaviska Enskilda Banken AB) placed a sponsored, full-page ad this week in Sweden’s largest online newspaper, Swedish Dagbladet. Written in article format, it was titled “This May be Bitcoin's Fatal Blow.” Its author, Johan Javeus, SEB's chief strategist, promotes what some on Reddit viewed as a negative stance onBitcoin. Others saw it as positive, saying that the ad just reveals that the bank is showing a reasonable caution around thecryptocurrency. The author of the article presents the usual examples of why the bank frowns on thecryptocurrency's use. He says that....
The Swedish Bitcoin company, BTCX allows people from across the world to make bitcoin donations towards WaterAid. The benefits of bitcoin for the non-profit sector is already well-known. Making use of these benefits is WaterAid, a global nonprofit working towards providing potable water, and ensuring proper sanitation and hygiene to those who can’t afford it. The NGO has recently announced its partnership with BTCX to raise funds for its operations in the form of bitcoins. The bitcoin donation campaign is an initiative of the Swedish arm of WaterAid along with BTCX, which also happens to....
It has been known recently in the news that the Swedish government wants to add VAT on Bitcoin trading after receiving a request by a Swedish man trying to establish a Swedish Bitcoin exchange (you can read the story here in Norwegian). The man that contacted the Swedish government is very dissatisfied with their answer and tries to combat their views on Bitcoin trading. He believes that if Sweden enables VAT on Bitcoin trading, it will become useless as a currency. The Swedish government explains that legal currencies are excepted VAT on trading, however they do not see Bitcoin as a legal....
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....
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....