Sweden

Swedish central bank concludes proof of work blockchains are unacceptable
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18 July, 2024

Swedish central bank concludes proof of work blockchains are unacceptable

In its report, Sweden's Riksbank sees a semi-centralized blockchain for its CBDC as the most optimal model over a fully...
India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs
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4 July, 2024

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

The partnership between Crunchfish and Tata Consultancy Services will utilize the Quartz solution for CBDCs with offline payments enabled by...
Microsoft invests $3.2B to expand its cloud, AI infrastructure in Sweden
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6 June, 2024

Microsoft invests $3.2B to expand its cloud, AI infrastructure in Sweden

Microsoft will give Sweden 20,000 GPUs to support the development of LLMs for generative AI, while the existing data centers...
HIVE block reward miner acquires Swedish data center in European expansion
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30 November, 2023

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...
7 central banks team up with BIS to examine policy issues for CBDC launch
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1 June, 2023

7 central banks team up with BIS to examine policy issues for CBDC launch

The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to...
Sweden CBDC phase 3 trials focus on governance, programmability issues
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17 April, 2023

Sweden CBDC phase 3 trials focus on governance, programmability issues

Riksbank noted that it faces multiple design options for the governance of its CBDC, dubbed e-krona, each offering distinct benefits...