Sweden Archives

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30 August, 2024

Switzerland launches instant payments

As one of Europe’s most cash-loving nations, Switzerland has over one-third of all transactions in cash, which the central bank...

Swedish central bank concludes proof of work blockchains are unacceptable

Finance

Gavin Lucas

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18 July, 2024

Swedish central bank concludes proof of work blockchains are unacceptable

In its report, Sweden's Riksbank sees a semi-centralized blockchain for its CBDC as the most optimal model over a fully...

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

Finance

Pradipta Mukherjee

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4 July, 2024

India’s Tata Consultancy Services, Sweden’s Crunchfish to deploy ‘Quartz solution’ for offline CBDCs

The partnership between Crunchfish and Tata Consultancy Services will utilize the Quartz solution for CBDCs with offline payments enabled by...

Microsoft invests $3.2B to expand its cloud, AI infrastructure in Sweden

Tech

Wahid Pessarlay

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6 June, 2024

Microsoft invests $3.2B to expand its cloud, AI infrastructure in Sweden

Microsoft will give Sweden 20,000 GPUs to support the development of LLMs for generative AI, while the existing data centers...

HIVE block reward miner acquires Swedish data center in European expansion

Tech

Steve Kaaru

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30 November, 2023

HIVE block reward miner acquires Swedish data center in European expansion

HIVE paid $2.25 million for the data center that was built for the EU Horizon 2020 Project, which it says...

7 central banks team up with BIS to examine policy issues for CBDC launch

Business

Wahid Pessarlay

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1 June, 2023

7 central banks team up with BIS to examine policy issues for CBDC launch

The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to...

Sweden CBDC phase 3 trials focus on governance, programmability issues

Business

Wahid Pessarlay

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17 April, 2023

Sweden CBDC phase 3 trials focus on governance, programmability issues

Riksbank noted that it faces multiple design options for the governance of its CBDC, dubbed e-krona, each offering distinct benefits...

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

Business

Wahid Pessarlay

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9 March, 2023

BIS wraps up cross-border retail CBDC ‘Project Icebreaker’

The Bank for International Settlements’ "Project Icebreaker" project delved into the benefits and risks of launching retail central bank digital...

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Business

Wahid Pessarlay

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26 January, 2023

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing...

Sweden central bank partners with Israel, BIS on ‘Project Icebreaker’ CBDC test

Business

Steve Kaaru

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7 October, 2022

Sweden central bank partners with Israel, BIS on ‘Project Icebreaker’ CBDC test

Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and...

Swedish Energy Minister: We need energy for more useful things than block reward mining

Tech

Steve Kaaru

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22 July, 2022

Swedish Energy Minister: We need energy for more useful things than block reward mining

The minister believes that as power becomes scarcer in Sweden, the country may have to make difficult choices, and BTC...

Riksbank wary of digital currencies and stablecoins: report

Business

Patrick Thompson

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17 June, 2022

Riksbank wary of digital currencies and stablecoins: report

Throughout the Cryptoassets and their impact on financial stability report, Riksbank expresses its fears regarding digital currencies and how they...

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