Banker Objections over State Cryptocurrency Adoption

What government is considering a State Crypto Currency? Sweden

What are Swedish banker concerns?

• Sweden is already a mostly digital, or cashless
• e-krona users can bypass middlemen, private banks, and connect directly to the Central Bank
• Commercial banks would become dependent on wholesale markets for liquidity
• the e-krona is set to be traceable, moving the Central Bank into an area it does not regulate: privacy

ambcrypto | Bankers in Sweden express concerns over e-Krona digital currency project