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.
Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million.
Swedish crypto broker’s IPO oversubscribed by 1,200%
Almost 5 million Swedes have indirect exposure to Bitcoin through the shares held by state pension fund AP7.
Millions of Swedish savers have exposure to Bitcoin via state pension fund
The Sveriges Riksbank said that CBDC technology still requires further investigation.
Sweden’s central bank completes first phase of digital currency pilot
Sweden's financial regulator thinks retail investors should stay away from financial products that have volatile cryptocurrencies as their underlying asset.
Swedish regulators warn consumers against crypto as markets tumble
Sweden's exploration into CBDCs will continue until 2022 as the nation's central bank seeks to construct a digital version of the krona.
Sweden extends digital krona digital currency pilot until 2022
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.
Sweden is working with DLT for its CBDC proof-of-concept
New Year Special
2021 and 2022 are touted to be the most important years for the development of CBDCs.
Cointelegraph predictions for the first 5 CBDCs of 2021–2022