HIVE block reward miner acquires Swedish data center in European expansion
HIVE paid $2.25 million for the data center that was built for the EU Horizon 2020 Project, which it says is close to its existing BTC mining facilities in Sweden.
HIVE paid $2.25 million for the data center that was built for the EU Horizon 2020 Project, which it says is close to its existing BTC mining facilities in Sweden.
The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to engage with stakeholders for optimum results.
Riksbank noted that it faces multiple design options for the governance of its CBDC, dubbed e-krona, each offering distinct benefits and disadvantages.
The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital currencies with cross-border functionalities.
Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing private operators out of business.
Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and remittance payments.
The minister believes that as power becomes scarcer in Sweden, the country may have to make difficult choices, and BTC miners could be among the casualties.
Throughout the Cryptoassets and their impact on financial stability report, Riksbank expresses its fears regarding digital currencies and how they can negatively impact the traditional finance system.
The Swedish financial regulator seeks to determine how the digital currency exchanges comply with the requirements on anti-money laundering provisions.
Handelsbanken, considered to be one of the oldest and largest banks in Sweden, has emerged as the first participant in the central bank digital currency trial spearheaded by Riksbank.
The governor of Sweden’s central bank has issued a five-year time frame within which he expects the country to have a central bank digital currency.
The main obstacle encountered during the trial was scalability, which it identified as a potential bottleneck to adoption, according to Riksbank.