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19 April 2021

Sweden’s central bank completes first phase of digital currency pilot

Sweden’s central bank completes first phase of digital currency pilot


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Sweden’s central bank completes first phase of digital currency pilot.

After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona.

The central bank also noted some privacy challenges, stressing that the information contained in an e-krona transaction must be protected to uphold banking secrecy laws and avoid revealing personal data. .

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