Sweden’s Central Bank to Launch Crypto Pilot Project
Main page News, Fintech, Tech, Banking, Crypto Market, Cryptocurrency
Hot topic
Dec. 13, 2019
63 63

The central bank of Sweden, Sveriges Riksbank, has announced a partnership with a consultancy firm Accenture to deploy a pilot platform for a cryptocurrency called the e-krona, Reuters reports.

Sweden May Become New Harbor for Crypto Miners

According to Reuters, fiat cash flow in Sweden has decreased in recent years and the financial institution has been looking for a new area to expand its services.

"The primary objective of the e-krona pilot project is to broaden the bank’s understanding of the technological possibilities for the e-krona," the bank said in a statement.

Previously iHodl reported that the Council of the European Union issued a report, according to which the EU decision-maker will ban all stablecoins until all of the risks related to them and concerns are properly addressed.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error