Copy link
Increase text size
Decrease text size
Link copied

Swedish central bank begins CBDC pilot with Accenture

Fri, 21 Feb 2020, 10:21 am UTC

Sweden has started testing an e-krona as part of its efforts to examine the feasibility of launching a central bank digital currency (CBDC), the Riksbank announced on its website.

The central bank started the e-krona project back in 2017 as the country was moving towards becoming a cashless society.

“In the e-krona project the Riksbank has analysed the need for an e-krona. The project team has had a dialogue with several national and international agents to hear their views on an e-krona, they have looked at proposals for suitable technology and examined the legal issues that need to be dealt with to ensure the Riksbank has a clear mandate to issue an e-krona,” the announcement read.

The central bank said that it is conducting a pilot project aimed at developing a proposal for a technical solution for e-krona. The pilot is being carried out in collaboration with Accenture.

As per the details, the project aims to show in a test environment how an e-krona could be used by the general public. This technical solution will be based on Distributed Ledger Technology (DLT).

"The main aim of the pilot is for the Riksbank to increase its knowledge of a central bank-issued digital krona," the Riksbank said, adding that "there is currently no decision on issuing an e-krona, how an e-krona might be designed or what technology might be used."

The central bank said that it will continue to investigate how e-krona would affect the Swedish legislation and the Swedish economy.

The Riksbank has submitted a proposal to the Riksdag suggesting that e-krona needs to be investigated by the experts to which the latter has agreed.

Meanwhile, the Riksbank has teamed up with five other central banks and the Bank for International Settlements (BIS) to look into potential cases for CBDCs.

Meanwhile, the Central Bank of the Bahamas is planning to roll out CBDC in the second half of the fiscal year. The central bank launched the pilot phase of the “Project Sand Dollar” in Exuma in December 2019.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.07.20 11:02:31
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all .......
  • 0
  • ·
  • 0
  • Moses
  • 2020.07.20 11:00:57
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all ......................................
  • 0
  • ·
  • 0
  • andrewjabel
  • 2020.06.01 16:30:34
Its actually my pleasure to create this awareness of binary option(online) trade which i have invested in for years and was not profitable and encouraging until i got the best strategy for calculating the actual time to invest in other not to lose my money. now i make $15000 every week." make money from that strategy"for further information contact me on>>>>> [email protected] thank you 
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $48,905.00 (-0.84%)
  • Ethereum (eth) $4,147.12 (+0.92%)
  • Binance Coin (bnb) $554.13 (-2.41%)
  • Tether (usdt) $1.00 (+0.13%)
  • Solana (sol) $190.37 (-8.18%)
  • Bitcoin (btc) $48,905.00 (-0.84%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft