Stockholm’s financial sector has received news
of the Riksbank’s work towards an e-krona
– a central bank digital currency (CBDC) –
with mixed reviews.
Rickard Eriksson, a senior adviser at the Swedish Bankers
Association said that he felt "the e-krona doesn’t
really change anything, and doesn’t offer anything
He continued: "Overall, the e-krona sounds like a bit of a
fad. It might sound interesting and similar to bitcoin, but it
is really just a bank account with the Riksbank. The potential
for an e-krona depends on how your order of payments market is
functioning and in Sweden, we have electronic payments
everywhere, and people can use that method already and
Meanwhile Johanna Lybeck Lilja, executive advisor on
Nordea’s public affairs team, pointed out that
digital currency already exists today.
"As banks we give the Riksbank collateral and in return for
that, we get liquidity, which...