BIS wraps up cross-border retail CBDC ‘Project Icebreaker’
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.
Latest Sweden News
Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions
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.
Sweden central bank partners with Israel, BIS on ‘Project Icebreaker’ CBDC test
Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and remittance payments.
Swedish Energy Minister: We need energy for more useful things than block reward mining
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.
Riksbank wary of digital currencies and stablecoins: report
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.
2 digital currency exchanges under probe in Sweden over AML compliance
The Swedish financial regulator seeks to determine how the digital currency exchanges comply with the requirements on anti-money laundering provisions.
Sweden central bank partners with local bank for CBDC trial
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.
Sweden’s central bank predicts a CBDC in five years
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.
Sweden central bank concludes first phase digital currency trials
The main obstacle encountered during the trial was scalability, which it identified as a potential bottleneck to adoption, according to Riksbank.
Sweden extends central bank digital currency trial for another year
A trial of Sweden’s e-krona will be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.
Craig Wright on COVID-19: ‘Cot death in the nanny state’
In his latest blog post, Dr. Craig Wright explores the effect a laissez-faire system has had in regard to the coronavirus pandemic as well as the effect that intervention has had.
Swedish bankers fear for deposit base as e-krona plans develop
Swedish bankers are weighing up the risks of a digital currency to their deposit base, as plans for the rollout of an e-krona continue at pace.