Sweden Revives Ekrona Debate
Sweden central bank urges parliament to reconsider introducing an ekrona as digital payment threats grow. The Riksbank warns that failing to act could undermine the krona and financial stability.
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Sweden's central bank urged lawmakers on Thursday morning to reconsider launching an e-krona as foreign stablecoins and the EUR/SEK pressures threaten the national currency's domestic standing. Just 5% of Swedish residents used cash for their most recent purchase according to a recent central bank survey. The Riksbank warns that failing to introduce a retail central bank digital currency risks undermining monetary policy transmission across the world's most cashless economy.
