Sweden News

In its latest report, Sweden’s Riksbank stressed the necessity for extensive technical and regulatory development to ensure secure offline payments with e-kronas. Sweden’s central bank, Riksbank, cautioned in its recent research note on CBDCs about the potential risks associated with…

The EU's Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients' transactions to help combat tax-related criminal activities.

Sweden is doing away with tax incentives for data centers come July. This decision could affect bitcoin (BTC) miners who had turned to Nordic country to increase their profitability

Half of the Swedish population are bitcoin owners on account of shares owned by a government savings fund in companies that hold the flagship cryptocurrency.  Swede Savers Gain Exposure to Bitcoin The Seventh AP Fund or AP7 is the government-based…

Swedish Financial Supervisory Authority (FSA) has issued a warning to citizens regarding the trade of crypto-asset products. This comes after the regulatory body previously warned about the risks with trading in crypto-assets.  Crypto-assets Products Unsuitable for Retailers The latest warning…

While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could…

The Swedish central bank announced that Accenture, an Irish-domiciled multinational professional services company, will be its technology partner to create a pilot platform for a central bank digital currency (CBDC) known as the e-krona. The news was released by all-stocks.net on…

HIVE Blockchain has entered into a strategic agreement with Blockbase to be the HIVE’s software and maintenance service provider for mining operations in Sweden, as per a press release, August 13, 2019. Blockbase’s expertise in the realm of operational software…

QuickBit cryptocurrency exchange recently experienced a data breach, which affected about two percent of its customers. In an updated report on July 22, 2019, the company said the breach was as a result of a third-party system upgrade, but customers’…

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019.…

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018. Crypto Mining in Sweden…

Stockholm-based XBT Provider AB, the company that created the first exchange-traded bitcoin trackers, now wants to offer a whole basket of digital currencies to bet on, Bloomberg reported on September 16, 2018. XTB Fills up Basket The company that created…

Sweden will launch a testnet for managing the nation’s real estate with smart contracts and blockchain technology in March 2017. Lantmäteriet, the Swedish National Land Survey, along with blockchain startup ChromaWay are leading this public/private collaboration with support from consulting…

Sure, it is no news that money has long become digital. The plans to issue an “eKrona”, as the deputy governor of the Riksbank disclosed this week, however, are still exciting. Cecilia Skingsley, deputy governor of the Swedish Riksbank, recently…