Dec 12, 2020 14:32 GMTCrypto News
Sweden’s central bank, the Riksbank, joins major central banks considering adoption of digital currency, in a world rapidly moving to cashless transactions, Bloomberg reported, citing a Swedish government review launched on Friday.
The study launched will assess the feasibility of a potential transition to a digital currency and is expected to be completed by the end of November in 2022.
Commenting on the launch of a formal review, Sweden’s Financial Markets Minister Per Bolund said, “it’s crucial that the digitalized payments market functions safely, and that it’s available to everybody.”
“Depending on how a digital currency is designed and which technologies are used, it can have large consequences for the entire financial system,” he added.