Oct 16, 2020 at 19:54 UTC Updated Oct 16, 2020 at 20:24 UTC E-Krona or Bust, Says Sweden’s Chief Central Banker, Trying to Drag Swedish Govt Into Digital Age
Sweden’s top central banker Stefan Ingves has gone all-in on sovereign digital currency, and on Thursday the Riksbank governor called upon the Swedish Parliament to do the same.“There shall be digital state money as legal tender, an e-krona, issued by the Riksbank,” Ingves wrote in a Thursday economic note that amounts to his strongest statement yet in favor of a Swedish central bank digital currency (CBDC).He pushed for Sweden’s government to “review the concept of legal tender” and the legality of an e-krona is necessary to prepare Riksbank for a digital future.Ingves said the e-krona is necessary for future-proofing Riksbank’s operations.Sweden’s populace is abandoning cash for digital payments at a world-leading rate, he asserted.That’s prompting Riksbank to grapple with a CBDC.Although dozens of monetary authorities are now studying sovereign digital currencies, Sweden’s is one of the few to actually pilot one.
Also notable: Sweden’s e-krona pilot project is running on distributed ledger technology.
Ingves called upon the Riksdag and Sweden’s government to address the digital shift with legislation.Riksbank first called for the formation of a committee to study cash in April 2019.The proposal cleared the Riksdag that June but has sat with the government ever since.“We also need help from” the government, Ingves said.“The Riksbank has not yet taken a formal decision on whether or not to issue an e-krona,” he said.“A decision to issue an e-krona requires a legal basis and political support.” A Riksbank spokesperson did not return CoinDesk questions by press time.Share this: The Hard Forks That Didn’t Dilute Bitcoin Oct 1, 2020 at 15:27 UTCUpdated Oct 1, 2020 at 15:37 UTCSome time ago, one of the more thoughtful critiques of Bitcoin went a little like this:“Sure, bitcoin is scarce in its supply, but since it’s effectively costless to clone the software and fork it, it’s not scarce overall.Forks constitute effective dilution and render… Student Gets 10-Year Jail Term for SIM-Swap Crypto Thefts Worth $7.5 Million news A 21-year-old student from the U.S.
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As reported by CoinDesk, the new technology… 6 Central Banks Form Digital Currency Use Case Working Group Jan 21, 2020 at 17:00 UTCUpdated Jan 21, 2020 at 17:18 UTCSix central banks have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs).The group will be comprised of the central banks of Sweden, Canada, Switzerland, the U.K.… Crypto News Roundup for Jan.
30, 2020 Jan 30, 2020 at 17:00 UTCWith bitcoin traders looking for a move to $10,000, Markets Daily is back with news of the day and clips of Democratic U.S.presidential hopeful Andrew Yang’s recent crypto comments.For early access before our regular noon Eastern Time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica… Kik is Crowdfunding $5 Million in Crypto to Help Fight SEC news Canada-based messaging app firm Kik has launched a crypto crowdfunding campaign to support a likely court battle with the U.S.
Securities and Exchange Commission (SEC) over its 2017 initial coin offering (ICO).Announced by Kik founder and CEO Ted Livingston and Patrick Gibbs, a partner at law firm Cooley LLP, on the UnChained Podcast Tuesday, the… Leave a Reply You must be logged in to post a comment.Search.