News
Bitcoin cypherpunk Adam Back has backed a $2.2 million funding round for H100 AB Group to help the Swedish health tech firm buy Bitcoin.
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Sweden News
The Kingdom of Sweden is a Scandinavian country in northern Europe. Sweden has the third-largest area in the European Union and a total population of over 10.1 million. Sweden has one of the highest gross domestic product per capita and is considered to be the seventh richest country in the world. The Swedish economy is built on engineering, telecommunications, automotive and pharmaceutical industries. Sweden has a developed IT-sector and is interested in blockchain projects. Sweden has not banned Bitcoin, but established a regulatory framework for it. Swedish Bitcoin regulations view mined Bitcoins as an income from a hobby and has no tax over mining, if it is performed in Sweden by individuals. The Swedish financial supervisory authority is the organ responsible for Bitcoin regulation and requires cryptocurrency services to report Bitcoin trading as a financial service.
- News
Swedish health tech firm H100 rallied 37% on the news of its Bitcoin treasury plan as a Chinese EV retailer announced plans to buy 1,000 Bitcoin.
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The parliamentarian proposed a “budget-neutral” Bitcoin reserve to the finance minister, inspired by US President Donald Trump’s March 7 executive order.
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The European Union’s insurance authority recommended the sweeping policy change, citing "inherent risks and high volatility” of crypto assets.
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Klarna, a Swedish payments firm with 85 million users, is reportedly eyeing a US initial public offering — and its CEO is looking for ideas on how it can integrate digital assets.
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The Spotlight Stock Market offers traditional investors a total of 45 exchange-traded products to choose from.
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According to Hive’s CEO, data centers have the potential to enhance grid stability, especially as the transition to renewable energy introduces more volatility into power systems.
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Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles.
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New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
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The exchange-traded product will be available on Sweden’s Spotlight Stock Market.
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In May, the partners launched the first yield-bearing BTC ETP in Scandinavia.
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The Swedish Tax Agency found several crypto firms provided misleading business descriptions to avoid paying taxes between 2020 and 2023.
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The Riksbank designed a system using payment cards and shadow wallets, but security and accounting problems remain.
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Switzerland and Germany were hit hardest during the most recent trading week, but Canadian ETFs had the largest outflows in January, CoinShares’ data shows.
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Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house the incoming generation of ASIC servers and increase Bitcoin production.
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