Sweden’s central bank eyes digital currency

The world’s oldest central bank is launching a project to examine what a central bank-backed digital currency would look like and what challenges it would pose!

Here’s a short extract from the Financial Times article, 15th November 2016:

Sweden’s Riksbank is debating whether to become the first significant central bank to issue a digital currency as it responds to an increasing move away from cash in the Scandinavian country.

“We need to do the homework because it’s not an option for the public sector to stay on the sidelines and see the private sector cut off access to central bank money for individuals,” said Ms Skingsley [deputy governor at the Riksbank], who will give a speech on the issue on Wednesday.

Read the whole article – click the first link in here.

And here you can read the Deputy governor’s speech.