Tax evasion uncovered in Sweden, crypto miners owe nearly $90 million
The Swedish Tax Authority, Skatteverket, has concluded about 21 mining firms that deal with cryptocurrency after a full audit. According to the audit team, the period was between 2020 and 2023. This investigation revealed that the companies allocated tax illegally at improper rates to 18 of these corporations. These eight companies are in a position […]
Sweden’s Central Bank, The Riksbank, wraps up E-Krona pilot with focus on offline transactions
The Riksbank, Sweden’s central bank, unveiled its fourth and concluding report on the e-krona pilot project on March 20, presenting detailed insights into the digital currency’s offline functionality. This last phase of the project diverged from its Phase 2 proposition, which primarily used mobile phones for storing offline transaction data. The central bank evaluated an […]
Proposed Swedish Surveillance Expansion Targets Gang Violence Epidemic
In a determined effort to combat the escalating issue of gang violence plaguing the country, the Swedish government has unveiled a bold plan to significantly expand its surveillance capabilities. The proposal, introduced by the Minister of Justice Gunnar Strömmer of the Moderate Party, involves the deployment of an additional 2,500 surveillance cameras by the next […]
Binance secures its 7th approval in Europe with Swedish regulators
The Swedish Financial Supervisory Authority registered Binance, the world’s largest cryptocurrency exchange, as a financial institution for virtual currency management and trading in Sweden. This is the seventh EU country in which the platform has been granted such a license, following Italy, France, Spain, Poland, Cyprus, and Lithuania. Binance set to offer crypto services in […]
PoW mining sets Sweden’s power provider, regulators on collision course over calls for banning 1Twh sector
TL; DR Breakdown Two Swedish regulators have jointly called for the EU to ban crypto mining activities. But Sweden’s power provider has dismissed the calls terming crypto a useful industry. Sweden’s power service provider Vattenfall has clashed with two of the country’s regulators over calls to stop Proof of Work (PoW) mining. The country’s environmental […]
Digital dollar warning: Opposite of what crypto is all about – Demirors
Meltem Demirors, the chief strategy officer at Coinshares has issued a digital dollar warning, saying that the digital dollar is totally opposite of what crypto is and what it stands for. It is completely ‘different’ to what the crypto enthusiasts think. Unlike BTC or ETH, the digital dollar will be completely centralized and will be […]
