Swedish Riksbank report looks at collaboration with potential e-krona in retail payments
The Swedish central bank’s third report on a potential CBDC raised several issues while focusing on a rather narrow question. Go to Source Powered by WPeMatico
Sweden
Auto Added by WPeMatico
European banks launch ‘sustainable’ blockchain platform for digital bonds
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol. Go to Source Powered by WPeMatico
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great. Go to Source Powered by WPeMatico
CBDCs could provide smooth cross-border payments: Tel Aviv FinTech Week
Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions. Go to Source Powered by WPeMatico
BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model
The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC … Read more
Binance approved to offer crypto services to Swedish customers
The decision from Sweden’s financial authority followed regulators in France, Bahrain, Spain and Dubai granting similar approvals for Binance in 2022. Go to Source Powered by WPeMatico
The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics
The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter. Go to Source Powered by WPeMatico
Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics
Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi’s true identity remains unknown. Go to Source Powered by WPeMatico
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners … Read more
Swedish Central bankers snipe Bitcoin mining, cite rampant energy use
A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react. Go to Source Powered by WPeMatico
