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Sweden will trial its CBDC with a live banking participant. The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden. Go to Source Powered by WPeMatico
Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million. Go to Source Powered by WPeMatico
Five million Swedes have indirect exposure to Bitcoin through the shares held by state pension fund AP7. Go to Source Powered by WPeMatico
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 … Read more
The Riksbank said that CBDC technology still requires further investigation. Go to Source Powered by WPeMatico
Sweden’s financial regulator thinks retail investors should stay away from financial products that have volatile cryptocurrencies as their underlying asset. Go to Source Powered by WPeMatico
Sweden’s exploration into CBDCs will continue until 2022, as the nation’s central bank seeks to construct a digital version of the krona. Go to Source Powered by WPeMatico
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration. Go to Source Powered by WPeMatico
2021 & 2022 touted to be the most important years for the development of CBDCs Go to Source Powered by WPeMatico
Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden According to a Bloomberg report, the Nordic region, specifically Norway and Sweden, … Read more