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Swedish Central Bank Reveals First Study of Digital Currency (1)

April 7, 2021, 7:42 AM

The Swedes are learning that their once pioneering vision for a central bank digital currency might take a lot longer to enact than initially thought.

The Riksbank just published the results of the first phase of a pilot project into what is essentially the most advanced exploration of a post-cash era to be undertaken by a major, western economy. It says the rapid pace at which cash is disappearing presents “potential problems” that a digital currency controlled by a central bank can address.

The task is huge and Sweden’s central bank, the world’s oldest, keeps pushing back its timeline. After...

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