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Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

Published 03/17/2020, 08:59 AM
Updated 03/17/2020, 10:40 AM
Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS).

Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank would need to undertake a number of measures to co-finance the activity.

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