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.
The Ethereum Merge could force many crypto miners to give up and abandon their expensive mining rigs amid a race to the bottom for profits.
Ethereum Merge to ‘swamp’ other coins with miners — Mining CEO
A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react.
Swedish central bankers snipe Bitcoin mining, cite rampant energy use
The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank.
Sweden’s central bank completes second phase of e-krona testing
European regulators are concerned about crypto's risks to climate change goals.
EU securities regulator calls for proof-of-work crypto mining ban
The number of crypto-based exchange-traded products in Europe continues to expand as 2022 draws nearer.
Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
In comments at a Swedish banking conference, Sveriges Riksbank Governor Stefan Ingves warned that private money “usually collapses sooner or later.”
Trading Bitcoin’s like trading stamps, says Swedish central bank governor