Swedish central bank looks at path to state-backed digital currency

Sweden’s central bank will start looking at the legal and technical changes needed to introduce a state-backed digital currency, it said today (October 26).

One possible change could be to the central bank’s own mandate.

Cash use in Sweden is falling sharply and this is causing problems for some social groups, the Sveriges Riksbank says in its latest e-krona report. The value of cash in circulation in Sweden has declined by around 50% since 2008 to just over 1% of GDP, according to the