CBDCs could protect citizens from e-currency abuse, official says

Hanna-Armelius_Sveriges Riksbank

Central banks need to consider issuing digital currencies or leave citizens vulnerable to market power, said a senior adviser at the Sveriges Riksbank.

Cashless societies could leave payment systems vulnerable to “increasing monopoly power … if there’s no sort of competition from central bank money”, said Hanna Armelius of the Swedish central bank.

In 2018, only 13% of Swedes reported having paid for their last purchase in cash – down from 39% in 2010. That provided strong arguments for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account