Sweden’s central bank, the Riksbank, has moved its central bank digital currency (CBDC) project called e-krona a step forward by proposing a test aiming to choose the appropriate technology as well as to see how e-krona can fulfill several parameters including scalability and security. According to the second e-krona report, which was released on Friday, the trial should take place in 2019-2021.
The paper noted that the test’s proposal does not mean that Riksbank has decided to introduce CBDC, but shows the institution’s response to financial developments like the reduced use of cash. The CBDC trial should analyze various technical solutions including blockchain and other distributed ledger technology (DLT) systems. Riksb...
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