⚠️ HRF CBDC ⛓️🪙 alert from HRF for Sweden (29-MAR-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Pilot

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 8.37%

One-Sentence Summary:

Sweden's Sveriges Riksbank concludes fourth CBDC testing phase, signaling development, but final decision remains political.

✅ Sweden's central bank, Sveriges Riksbank 🇸🇪, has been exploring the creation of a CBDC named e-krona since 2016.

✅🇸🇪🏦 concluded initial reports in 2021 and 2022 showing feasibility of integrating a CBDC into the banking system and issuing offline payments.

✅ Riksbank and the BIS have been experimenting with CBDCs for cross-border transactions under Project Icebreaker.

✅ Despite these developments, issuance of e-krona is viewed as a political decision and currently considered unnecessary according to a recent inquiry.

✅ The fourth phase of testing in 2024 focused on offline capabilities but noted significant development work needed.

✅🇸🇪 scored 100/100 in Freedom in the World report, indicating no direct concerns with a domestic CBDC at the moment.

✅ Potential risks to financial privacy and freedom with the creation of a CBDC are recognized.

#HumanRights #CentralBanks #DigitalCurrency #CBDCs #Sweden #FinancialPrivacy

What are your thoughts on the potential risks versus benefits of implementing a CBDC in a country like Sweden with high freedom scores? Could CBDCs impact fundamental freedoms even in these contexts? Let's have a respectful conversation about the future of finance.

Disclaimer: This is an AI-generated summary of the original text from HRF, forigve fuck-ups plox. If you find it useful, ⚡ the Tracker Bot because the AI and Cloud bits are not free to run.

Source of data: https://cbdctracker.hrf.org/home (npub1zhqcda52mrvcc0vkwegwsp5xtpk6l6x5kqx85f06tu9lw5h6xx0scch0dw)

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