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Sweden's Riksbank calls on parliament to prepare legislation for digital krona

Sweden's central bank is urging lawmakers to begin legislative work for a potential digital krona, citing advancing digital euro plans, long implementation timelines, and risks from foreign-currency stablecoins.

An illustrative silver coin design featuring the Swedish royal crown and the words 'E KRONA'.
Image: @cryptodotnews

Sweden's central bank, the Riksbank, is recommending that parliament begin legislative preparations for a possible digital krona. The central bank highlighted growing concerns regarding reliance on foreign-currency stablecoins and the broader future of domestic payments.[1][2][3][4]

The push comes as the European Central Bank moves ahead with its digital euro initiative. CoinMarketCap reported that the Riksbank is citing the digital euro's planned 2029 launch alongside a minimum five-year implementation timeline as key reasons to initiate the legislative groundwork now.[1][2][3][4]

Key facts

  • Sweden's Riksbank recommended that lawmakers begin legislative preparations for a potential digital krona.
  • The central bank pointed to concerns over foreign-currency stablecoins and the future of domestic payments.
  • The Riksbank's recommendation coincides with progress on the European Central Bank's digital euro plans.
  • The Riksbank cited a minimum five-year implementation timeline for a digital krona and the digital euro's target launch in 2029.

Sources · 4 sources

  1. CT

    Coin TelegraphArticle ·

    Sweden revisits digital krona as ECB advances digital euro plans Sweden’s Riksbank has recommended that lawmakers prepare for a possible digital krona, citing concerns over foreign-currency stablecoins and the future of domestic payments.

    Open source
  2. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Sweden’s central bank pushes for legislation to prepare a digital krona The move comes as the EU advances its digital euro plans and policymakers weigh concerns over growing reliance on foreign-currency stablecoins. https://t.co/ZEmUB0kCDe

    Open source
  3. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 🇸🇪 Sweden’s Riksbank is urging parliament to begin legislative preparations for a digital krona now, citing the digital euro’s planned 2029 launch and a minimum 5-year implementation timeline. https://t.co/CWivYBY7FK

    Open source
  4. CO

    Cointelegraph@CointelegraphPost on X ·

    🇸🇪 LATEST: Sweden’s central bank urges lawmakers to prepare legislation for a potential digital krona as digital euro plans advance and foreign-currency stablecoins raise concerns. https://t.co/tF9HAIauFM https://t.co/PyYpEg2kIP

    Open source