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by
Anthonia Isichei
on
January 7, 2021 Regulation
While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could affect the banking system.
Riksbank’s Proposed e-Krona Could Affect Commercial Banks
According to
Reuters on Tuesday (Jan. 5, 2021), Swedish bankers have expressed concern regarding the e-krona proposed by the country’s central bank, Riksbank. The e-krona bypasses intermediaries such as commercial banks, thereby giving holders direct access to the central bank.