Sweden's Central Bank Considers Digital Currency Use

Sweden's Central Bank Considers Digital Currency Use

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....


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