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Sweden's central bank urges lawmakers to reconsider digital krona

Sweden's central bank, the Riksbank, is calling on lawmakers to reconsider a digital krona to protect the nation's monetary independence against foreign stablecoins and a potential digital euro.

Wall inscription and crest reading Sveriges Riksbank Grundad 1668
Image: @MartiniGuyYT

Sweden's central bank is pressing lawmakers to reconsider developing a digital version of the national currency, according to reports from CoinMarketCap and crypto.news. The Riksbank contends that introducing an e-krona would help safeguard the country's monetary control and preserve its financial independence.[2][3]

The central bank warned that the Swedish krona faces growing competition from abroad. In particular, officials cautioned that foreign stablecoins alongside a potential digital euro threaten to diminish demand for Sweden's domestic currency if no digital alternative is offered.[1][2][3]

Key facts

  • Sweden's central bank, the Riksbank, is urging lawmakers to reconsider a digital krona.
  • The Riksbank argues a digital currency would safeguard Sweden's monetary control and independence.
  • The central bank warned that foreign stablecoins and a potential digital euro could reduce demand for the krona.

Sources · 3 sources

  1. TM

    That Martini Guy ₿@MartiniGuyYTPost on X ·

    JUST IN: Sweden wants to reconsider a digital version of its own currency. The Riksbank says a digital krona could help protect Sweden's monetary independence as foreign stablecoins and a potential digital euro threaten to reduce demand for its currency. Governments are starting to realise that whoever controls the money people use has a serious amount of financial power. And digital currencies are becoming a much bigger part of that conversation.

    Open source
  2. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 🏦 Sweden's central bank is urging lawmakers to reconsider a digital krona, arguing it would help safeguard the country's monetary control as foreign stablecoins and a digital euro threaten to erode demand for the krona. https://t.co/HhybmXxdDA

    Open source
  3. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Sweden’s central bank is urging lawmakers to reconsider a digital krona. The Riksbank says a digital version of the Swedish currency could protect its monetary independence as foreign stablecoins and a potential digital euro threaten to reduce demand for the krona. https://t.co/kSefycoodK

    Open source