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.
Central bank digital currency interest continues gaining global traction.
Leaders of global CBDC projects talk shop in panel today
China might gain control over global CBDC standards, a Japanese official warns.
Senior Japanese official fears China being ‘first-mover’ in digital currency
Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC.
No need for central bank digital currency in Australia says Reserve Bank
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts.
Public interest in central bank digital currencies surpasses Bitcoin in 2020
Sweden's central bank just released a massive report on central bank digital currencies.
Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
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