Sweden explores moving to a digital currency


Coins of various cryptocurrencies. Sweden is among the first countries in the world to consider introducing a digital currency. — AFP

Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society.

Per Bolund, financial markets minister, said a review launched on Dec 25 is expected to be completed by the end of November in 2022. Anna Kinberg Batra, a former chairwoman of the parliament’s finance committee, will lead the inquiry.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sweden , digital currency

   

Next In Tech News

US regulator looks to put Google under federal supervision, Washington Post says
Fibre optic cables should be considered 'critical infrastructure' in Africa, Google says
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
ASML CEO says AI boom benefits the company
Spain's La Vanguardia joins the Guardian in leaving X, citing 'toxic content'
Analysis-Crypto industry pushes for policy sea change after Trump victory
EU says Booking must comply with Digital Markets Act
Samsung Electronics says it reaches preliminary wage deal with union
Trump’s victory could ease regulatory path for Musk’s robotaxi, but hurdles remain
Siemens to cut up to 5,000 jobs in automation business after downturn

Others Also Read