Sweden


Policy

Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

“It’s an instrument that is impossible to value, and in practice it’s based on pure speculation," Riksbank Governor Erik Thedeen said.

Facade of the Swedish central bank facing Brunkebergstorg, Stockholm

Policy

Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike

The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.

A 30MW HIVE Blockchain facility in the military town of Boden, Sweden (Sandali Handagama/CoinDesk)

Policy

BIS Says 'Hub-and-Spoke' Cross-Border Transfers Offer Benefits to Retail CBDC

The system is designed to offer users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies.

(Hubert Neufeld/Unsplash)

Policy

Binance Wins Seventh Approval in Europe, Registers With Swedish Regulator

The registration in Sweden follows those in France, Italy, Lithuania, Spain, Cyprus and Poland.

Stockholm, Sweden

Finance

Hive Earned Equivalent of 184 BTC From Curtailing Its Power Use in December

The miner has also installed the first Buzzminers, computers it designed using Intel's new bitcoin mining chip.

Crypto mining stocks have lost roughly half of their value in the past month. (Sandali Handagama for CoinDesk)

Finance

Europe’s Last Bitcoin Mining Refuge Is No Longer Viable

Miners moved to northern Norway and Sweden to avoid high energy costs. Now, power prices are surging there, too.

Retired Bitmain ASICs at Kryptovault's facility in Norway. (Eliza Gkritsi/CoinDesk)

Finance

Ripple Builds New Partnerships in France and Sweden Despite Crypto Bear Market

Ripple inked deals with Paris-based payment provider for online marketplaces Lemonway and Swedish money transfer provider Xbaht.

Ripple Labs maintains XRP. (Ripple Labs)

Finance

Miners Take Off for The Great – and More Profitable – North

Bitcoin mining in most of Europe is now “impossible” as energy costs soar but miners are increasingly seeking refuge in the northern reaches of Norway and Sweden.

Kryptovault's CEO Kjetil Pettersen and the mine's technician overlooking several hundred mining rigs working. (Eliza Gkrits/CoinDesk)

Policy

Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC

Results of the project, run by the Bank for International Settlements, are expected in the first quarter of 2023.

Central banks in Israel, Norway and Sweden are testing CBDCs for international retail payments. (Matthias Kulka/Getty Images)

Policy

Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank.

Cecilia Skingsley, deputy governor at Sveriges Riksbank said governments could complicate CBDC interoperability. (BIS)

Pageof 8