Article Image

IPFS News Link • Sweden

Sweden's Central Bank Governor Lays Out Digital Currency Vision

• https://www.zerohedge.com by Steven Guinness

An example of this in the UK is the latest instalment of the Football Manager franchise. Every year the maker Sports Interactive issues a beta version which players painstakingly test prior to the official release of the game. After feedback is analysed and acted upon, the aim then is for a smooth launch of the finished product.

Whilst on a much grander scale, beta testing will serve as an equally important aspect in how central banks plan to successfully implement their own variants of digital currency.

In one of my recent articles I discussed an appearance by Federal Reserve board member Lael Brainard at an event held in Washington D.C. called, 'The Future of Money in the Digital Age'. Present also at this event was the Governor of Sweden's central bank (the Sveriges Riksbank) Stefan Ingves. During a panel discussion, Ingves laid out a six step criteria for the introduction of central bank digital currency. Before expanding on Sweden's specific role pertaining to CBDC's, here is a summary of the six steps in question:


PurePatriot