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.
Nestlé, the world’s biggest food and beverage firm, expands its long-running IBM Food Trust blockchain technology platform to its coffee brand Zoégas.
Nestlé Rises to DLT Challenge, Expands IBM Food Trust Blockchain Tool to Coffee
Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub.
Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies
Following a 20% expansion in ETH mining operations at Hive Blockchain’s Swedish facility, Cointelegraph spoke to Hive regarding contention in the ETH community ...
Hive Expands Ether Mining by 20%, Not Worried by Proof-of-Stake
The Swedish government is demanding action from Ukraine for an alleged $70 million fraud scheme that targeted victims who showed interest in cryptocurrency.
Swedish Foreign Minister Urges Ukraine to Investigate $70 Million Bitcoin Fraud
Alex Tapscott discusses his recently released book Financial Services Revolution with Cointelegraph.
Getting Into the Financial Services Revolution With Alex Tapscott
CBDCs are starting to gain some momentum.
Sweden Is Testing Its New Central Bank Digital Currency
Sweden’s central bank plans to create a pilot platform for a new digital currency, called the e-krona, in latest in European CBDC news.
Sweden's Central Bank to Partner with Accenture to Launch E-Krona