Article Image

IPFS News Link • Sweden

Sweden Expected To Force Banks To Handle Cash Transactions

• https://www.technocracy.news, BY: AMANDA BILLNER

Key lawmakers said in interviews over the weekend that the government will probably seek to enact proposed legislation that had been roundly criticized by the banking industry and called potentially illegal.

"There may be some changes, but mainly, what we proposed will be carried out," said Fredrik Olovsson, a key lawmaker for the ruling Social Democrats. "There's a broad majority for this, so I expect it will happen."

Sweden Tries to Halt Total Cashlessness With Lawmaker Proposal
Sweden's Banks Oppose Proposal to Force Them to Handle Cash
Olovsson is part of a committee that's reviewing the central bank law, which proposed last year to make it mandatory for banks that provide checking accounts and have more than 70 billion kronor ($7.6 billion) in deposits from the Swedish public to offer cash withdrawals and handle daily receipts.


musicandsky.com/ref/240/