• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Regulation News

E-Krona: Swedish bankers express concerns

Kamsi King by Kamsi King
January 5, 2021
in Regulation News
2 min read
E- krona
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Swedish banks express concerns over the implementation of E-Krona
  • The apex bank of the country however, appears prepared to implement the digital currency

Swedish banks have expressed their concerns on how the proposed E-Krona digital currency would affect their industry.

RelatedPosts

IRS to monitor crypto transactions with AI and machine learning

Digital Yuan tests: China and Hong Kong test cross-border digital Yuan

CBDC adoption: US, EU financial regulators meet to discuss stablecoins and CBDCs

Crypto ban is like rejecting the U.S. Dollar – Indian entrepreneur

According to a report from Reuters, the banks have highlighted that moving the country to a digital currency dependent economy would leave them short of funds. This means the banks would have to rely on wholesale markets for their liquidity.

A top executive of SEB, Masih Yazdi, noted that this development would make banks prone to taking up more debt while at the same time make them more susceptible to lack of profit. He added that this could lead to financial instability.

Rickard Eriksson, an adviser of the Swedish Bankers Association, asks if the Central Bank plans to merely hold on to the funds or lend those funds to the banks? According to him, if Riksbank should decide on the latter, it means that banks in Sweden are at the mercy of the central bank as mortgages and other corporate loans would now be based on the terms of the Swedish apex bank.

Sweden Central Bank already calling for implementation of E-Krona

The Central Bank of Sweden appears determined to see to the implementation of the E-Krona. The chief of the bank, Governor Stefan Ingves, was quoted to have advised the government to integrate digital currency into the affairs of the state.

Sweden already ranks as one of the countries in the world that makes use of cash least. And because of that, the Central Bank of the country, Riksbank, has begun to consider taking E-Krona public. 

Per Bolund, who is the country’s Financial Market Minister made it known that a Committee of the bank was already reviewing the effects of moving the economy of the country to digital currency totally. It is expected that this review would be completed in 2022.

Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

Related Posts

IRS to monitor crypto transactions with AI and machine learning 1
Regulation News

IRS to monitor crypto transactions with AI and machine learning

April 6, 2021
Digital Yuan
Regulation News

Digital Yuan tests: China and Hong Kong test cross-border digital Yuan

April 1, 2021
CBDC
Regulation News

CBDC adoption: US, EU financial regulators meet to discuss stablecoins and CBDCs

March 30, 2021
Crypto ban
Regulation News

Crypto ban is like rejecting the U.S. Dollar – Indian entrepreneur

March 25, 2021
Global regulator
Regulation News

Global regulator calls for more regulation for crypto

March 24, 2021
Crypto advocate
Regulation News

Crypto advocate urges Indian government to improve regulation

March 23, 2021

Follow Us

  • 51k Fans
  • 8.3k Followers

Latest News

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

April 12, 2021
bitcoin mining

How does Bitcoin Mining Work?

April 12, 2021
Binance coin

Binance coin surges as Nasdaq prepares for Coinbase listing

April 12, 2021
Chainlink Price Prediction 2021-04-12

Chainlink price prediction: Chainlink continues trending higher, preparest to test resistance at $35

April 12, 2021
Binance Coin price

Binance Coin price prediction: BNB to face rejection at $600 as bulls stumble

April 12, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.