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  • Warning: Undefined variable $alink in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3814 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Per Bolund, the Swedish politician who serves as the minister for financial markets and housing, has announced the launch of a review of the&nbsp;national digital currency, <a rel="nofollow" target="_blank" href="https://www.bloombergquint.com/global-economics/sweden-explores-the-feasibility-of-moving-to-a-digital-currency">Bloomberg reports</a>.
    
    Former leader of the Swedish Moderate Party, Anna Kinberg Batra, will perform the role of special investigator.
        Advertisement
        
            
        
       
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Earlier today, Bolund <a rel="nofollow" target="_blank" href="https://twitter.com/bolund/status/1337359320212774914">took to Twitter</a> to congratulate Batra, highlighting her extensive experience:
    
    <blockquote>
    Long political experience and solid knowledge from the business world guarantees that she is just the right woman for the job!
        
            HOT Stories
            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
            <a href="https://u.today/is-x-banning-crypto-posts-elon-musks-social-media-becomes-hostile-to-ct" class="hot__col">
        Is X Banning Crypto Posts? Elon Musk&#039;s Social Media Becomes Hostile to CT
    </a>
    
    <a href="https://u.today/crypto-market-review-will-bitcoin-hold-90000-over-the-weekend-dont-write-xrp-off-here-ethereum-eth" class="hot__col">
        Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don&#039;t Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible
    </a>
    
    <a href="https://u.today/bny-taps-ripple-prime-to-pioneer-programmable-cash-for-big-investors" class="hot__col">
        BNY Taps Ripple Prime to Pioneer Programmable Cash for Big Investors
    </a>
    
    <a href="https://u.today/morning-crypto-report-xrp-risks-becoming-2-stablecoin-coinbase-reveals-4-proofs-of-crypto-reset" class="hot__col">
        Morning Crypto Report: XRP Risks Becoming $2 Stablecoin, Coinbase Reveals 4 Proofs of Crypto Reset, &#039;$10,000 Zcash&#039; Advocate Ends Speculation on ZEC Developers&#039; Scandal
    </a>
    
    
        
    
    </blockquote>
    
    Just days before officially announcing her new appointment, Batra left the board of directors of Collector Bank AB to avoid a conflict of interest.
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Bolund believes that e-krona could have "large consequences" for the entire financial system of the Scandinavian country:
    
    <blockquote>
    Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system.
    </blockquote>
    
    The review is expected to be wrapped up by the end of 2022. <a href="https://u.today/press-releases/dlt-for-different-spheres-will-be-discussed-in-stockholm">card</a>
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    The most cashless country in the world
    
    Sweden has already made great progress toward&nbsp;developing its own digital currency. In February, Sweden's central bank, Riksbank,&nbsp;<a rel="nofollow" target="_blank" href="https://www.reuters.com/article/us-cenbank-digital-sweden-idUSKBN20E26G">started testing e-krona</a>&nbsp;back in February.
    
    Outpacing China, it is on track to become the very first cashless society in the world by as early as 2023. Over the past decade, the share of those Swedes who use cash has dropped precipitously from 40 percent to just <a rel="nofollow" target="_blank" href="https://sweden.se/business/cashless-society/">nine percent</a>. What is more, only a minuscule one percent of the country's total GDP circulates in the form of cash.
    
    In its <a rel="nofollow" target="_blank" href="https://www.riksbank.se/globalassets/media/rapporter/sa-betalar-svenskarna/2019/engelska/payments-in-sweden-2019.pdf">2019 report</a>,&nbsp;Riksbank pointed out that reluctance to adapt to the trend would ultimately make state-issued money irrelevant:
    
    <blockquote>
    If nothing is done, this development will very likely lead to the general public no longer having access to state-issued money, Riksbank money, which is the most secure form of money existing.
    </blockquote>
    
    
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
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    &nbsp;
    
    
    ') (Line: 1262)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
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    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
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    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
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  • Warning: Undefined variable $authorImageUrl in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3814 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Per Bolund, the Swedish politician who serves as the minister for financial markets and housing, has announced the launch of a review of the&nbsp;national digital currency, <a rel="nofollow" target="_blank" href="https://www.bloombergquint.com/global-economics/sweden-explores-the-feasibility-of-moving-to-a-digital-currency">Bloomberg reports</a>.
    
    Former leader of the Swedish Moderate Party, Anna Kinberg Batra, will perform the role of special investigator.
        Advertisement
        
            
        
       
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Earlier today, Bolund <a rel="nofollow" target="_blank" href="https://twitter.com/bolund/status/1337359320212774914">took to Twitter</a> to congratulate Batra, highlighting her extensive experience:
    
    <blockquote>
    Long political experience and solid knowledge from the business world guarantees that she is just the right woman for the job!
        
            HOT Stories
            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
            <a href="https://u.today/is-x-banning-crypto-posts-elon-musks-social-media-becomes-hostile-to-ct" class="hot__col">
        Is X Banning Crypto Posts? Elon Musk&#039;s Social Media Becomes Hostile to CT
    </a>
    
    <a href="https://u.today/crypto-market-review-will-bitcoin-hold-90000-over-the-weekend-dont-write-xrp-off-here-ethereum-eth" class="hot__col">
        Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don&#039;t Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible
    </a>
    
    <a href="https://u.today/bny-taps-ripple-prime-to-pioneer-programmable-cash-for-big-investors" class="hot__col">
        BNY Taps Ripple Prime to Pioneer Programmable Cash for Big Investors
    </a>
    
    <a href="https://u.today/morning-crypto-report-xrp-risks-becoming-2-stablecoin-coinbase-reveals-4-proofs-of-crypto-reset" class="hot__col">
        Morning Crypto Report: XRP Risks Becoming $2 Stablecoin, Coinbase Reveals 4 Proofs of Crypto Reset, &#039;$10,000 Zcash&#039; Advocate Ends Speculation on ZEC Developers&#039; Scandal
    </a>
    
    
        
    
    </blockquote>
    
    Just days before officially announcing her new appointment, Batra left the board of directors of Collector Bank AB to avoid a conflict of interest.
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Bolund believes that e-krona could have "large consequences" for the entire financial system of the Scandinavian country:
    
    <blockquote>
    Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system.
    </blockquote>
    
    The review is expected to be wrapped up by the end of 2022. <a href="https://u.today/press-releases/dlt-for-different-spheres-will-be-discussed-in-stockholm">card</a>
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    The most cashless country in the world
    
    Sweden has already made great progress toward&nbsp;developing its own digital currency. In February, Sweden's central bank, Riksbank,&nbsp;<a rel="nofollow" target="_blank" href="https://www.reuters.com/article/us-cenbank-digital-sweden-idUSKBN20E26G">started testing e-krona</a>&nbsp;back in February.
    
    Outpacing China, it is on track to become the very first cashless society in the world by as early as 2023. Over the past decade, the share of those Swedes who use cash has dropped precipitously from 40 percent to just <a rel="nofollow" target="_blank" href="https://sweden.se/business/cashless-society/">nine percent</a>. What is more, only a minuscule one percent of the country's total GDP circulates in the form of cash.
    
    In its <a rel="nofollow" target="_blank" href="https://www.riksbank.se/globalassets/media/rapporter/sa-betalar-svenskarna/2019/engelska/payments-in-sweden-2019.pdf">2019 report</a>,&nbsp;Riksbank pointed out that reluctance to adapt to the trend would ultimately make state-issued money irrelevant:
    
    <blockquote>
    If nothing is done, this development will very likely lead to the general public no longer having access to state-issued money, Riksbank money, which is the most secure form of money existing.
    </blockquote>
    
    
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    ') (Line: 1262)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 866)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
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    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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  • Warning: Undefined variable $alink in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3828 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Per Bolund, the Swedish politician who serves as the minister for financial markets and housing, has announced the launch of a review of the&nbsp;national digital currency, <a rel="nofollow" target="_blank" href="https://www.bloombergquint.com/global-economics/sweden-explores-the-feasibility-of-moving-to-a-digital-currency">Bloomberg reports</a>.
    
    Former leader of the Swedish Moderate Party, Anna Kinberg Batra, will perform the role of special investigator.
        Advertisement
        
            
        
       
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Earlier today, Bolund <a rel="nofollow" target="_blank" href="https://twitter.com/bolund/status/1337359320212774914">took to Twitter</a> to congratulate Batra, highlighting her extensive experience:
    
    <blockquote>
    Long political experience and solid knowledge from the business world guarantees that she is just the right woman for the job!
        
            HOT Stories
            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
            <a href="https://u.today/is-x-banning-crypto-posts-elon-musks-social-media-becomes-hostile-to-ct" class="hot__col">
        Is X Banning Crypto Posts? Elon Musk&#039;s Social Media Becomes Hostile to CT
    </a>
    
    <a href="https://u.today/crypto-market-review-will-bitcoin-hold-90000-over-the-weekend-dont-write-xrp-off-here-ethereum-eth" class="hot__col">
        Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don&#039;t Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible
    </a>
    
    <a href="https://u.today/bny-taps-ripple-prime-to-pioneer-programmable-cash-for-big-investors" class="hot__col">
        BNY Taps Ripple Prime to Pioneer Programmable Cash for Big Investors
    </a>
    
    <a href="https://u.today/morning-crypto-report-xrp-risks-becoming-2-stablecoin-coinbase-reveals-4-proofs-of-crypto-reset" class="hot__col">
        Morning Crypto Report: XRP Risks Becoming $2 Stablecoin, Coinbase Reveals 4 Proofs of Crypto Reset, &#039;$10,000 Zcash&#039; Advocate Ends Speculation on ZEC Developers&#039; Scandal
    </a>
    
    
        
    
    </blockquote>
    
    Just days before officially announcing her new appointment, Batra left the board of directors of Collector Bank AB to avoid a conflict of interest.
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    Bolund believes that e-krona could have "large consequences" for the entire financial system of the Scandinavian country:
    
    <blockquote>
    Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system.
    </blockquote>
    
    The review is expected to be wrapped up by the end of 2022. <a href="https://u.today/press-releases/dlt-for-different-spheres-will-be-discussed-in-stockholm">card</a>
        Advertisement
        
            
        
        
            
                    
                
                                                    
    
    
                                        
        
    
            
            
                    
                
                                                    
    
                                        
        
    
            
        
    
    
    The most cashless country in the world
    
    Sweden has already made great progress toward&nbsp;developing its own digital currency. In February, Sweden's central bank, Riksbank,&nbsp;<a rel="nofollow" target="_blank" href="https://www.reuters.com/article/us-cenbank-digital-sweden-idUSKBN20E26G">started testing e-krona</a>&nbsp;back in February.
    
    Outpacing China, it is on track to become the very first cashless society in the world by as early as 2023. Over the past decade, the share of those Swedes who use cash has dropped precipitously from 40 percent to just <a rel="nofollow" target="_blank" href="https://sweden.se/business/cashless-society/">nine percent</a>. What is more, only a minuscule one percent of the country's total GDP circulates in the form of cash.
    
    In its <a rel="nofollow" target="_blank" href="https://www.riksbank.se/globalassets/media/rapporter/sa-betalar-svenskarna/2019/engelska/payments-in-sweden-2019.pdf">2019 report</a>,&nbsp;Riksbank pointed out that reluctance to adapt to the trend would ultimately make state-issued money irrelevant:
    
    <blockquote>
    If nothing is done, this development will very likely lead to the general public no longer having access to state-issued money, Riksbank money, which is the most secure form of money existing.
    </blockquote>
    
    
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    
    
    
    &nbsp;
    
    &nbsp;
    
    &nbsp;
    
    
    ') (Line: 1262)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
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    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
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    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
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Sweden Takes Major Step Toward Launching Digital Currency

Fri, 11/12/2020 - 13:27
Sweden has started reviewing the launch of its national digital currency.
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Sweden Takes Major Step Toward Launching Digital Currency
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Per Bolund, the Swedish politician who serves as the minister for financial markets and housing, has announced the launch of a review of the national digital currency, Bloomberg reports.

Former leader of the Swedish Moderate Party, Anna Kinberg Batra, will perform the role of special investigator.

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Earlier today, Bolund took to Twitter to congratulate Batra, highlighting her extensive experience:

Long political experience and solid knowledge from the business world guarantees that she is just the right woman for the job!

Just days before officially announcing her new appointment, Batra left the board of directors of Collector Bank AB to avoid a conflict of interest.

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Bolund believes that e-krona could have "large consequences" for the entire financial system of the Scandinavian country:

Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system.

The review is expected to be wrapped up by the end of 2022.

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The most cashless country in the world

Sweden has already made great progress toward developing its own digital currency. In February, Sweden's central bank, Riksbank, started testing e-krona back in February.

Outpacing China, it is on track to become the very first cashless society in the world by as early as 2023. Over the past decade, the share of those Swedes who use cash has dropped precipitously from 40 percent to just nine percent. What is more, only a minuscule one percent of the country's total GDP circulates in the form of cash.

In its 2019 report, Riksbank pointed out that reluctance to adapt to the trend would ultimately make state-issued money irrelevant:

If nothing is done, this development will very likely lead to the general public no longer having access to state-issued money, Riksbank money, which is the most secure form of money existing.

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