Sweden Financial News

25.04 / 10:33

UPS Target Platform TikTok Nike H&M Fintech firm Klarna overhauls its app with a TikTok-like discovery feed as A.I. hype swirls

Klarna announced a sweeping redesign of its app, adding a TikTok-inspired discovery feed powered by artificial intelligence, customized shops for social media content creators, and the ability to sell secondhand goods.

13.04 / 03:09

Adoption regulation Enterprise Volatility Bitcoin Zambia’s crypto regulation tests to be wrapped by June: Report

Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June.

12.04 / 19:19

CBDC Adoption Swedish Riksbank report looks at collaboration with potential e-krona in retail payments

Sweden's central bank Riksbank has released a report detailing the third phase of its central bank digital currency (CBDC) research. A collaborative model for retail payments and conditional payments is the focus this time.

07.04 / 03:45

Government Report Study Research NOT Study claims 99.5% of crypto investors did not pay taxes in 2022

Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology.

06.04 / 05:59

business Adoption OpenAI faces Canadian privacy probe alleging personal info harvesting

OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent.

04.04 / 11:17

business Blockchain Europe Environment bonds European banks launch ‘sustainable’ blockchain platform for digital bonds

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods.

30.03 / 20:53

regulation Bafin Boerse Stuttgart Digital subsidiary receives final approval for crypto custody

Boerse Stuttgart Digital, the digital asset brand of the Boerse Stuttgart exchange group, announced March 30 that its blocknox service has received final licensing from the German Federal Financial Supervisory Authority (BaFin) to operate as a crypto custodian. Boerse Stuttgart Group now offers fully regulated brokerage, trading, and custody of digital assets, it said.

21.03 / 19:59

business banking Pensions pension Swedish pension fund Alecta dumps First Republic Bank shares after price plummets

Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.

15.03 / 18:00

business Adoption regulation Central Bank Cross-border CBDCs could provide smooth cross-border payments, says Bank of Israel official

At Tel Aviv FinTech Week 2023, Yoav Soffer, the advisor to the deputy governor at the Bank of Israel, touched on the topic of central bank digital currencies (CBDCs) as an efficient cross-border payment option.

08.03 / 04:07

COST Ethereum Provident Digital nordics CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the Nordics. Some countries within the Nordics have taken the lead on these developments, while others remain more sceptical over how the benefits outweigh the risks.

07.03 / 23:49

COST CBDC Digital Action BIS Bitcoin Cross-border BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments

The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.

06.03 / 19:35

business CBDC transactions Central Bank BIS retail CBDC BIS wraps exploration project on retail CBDC payment system

The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden.

06.03 / 19:13

Binance SEC MasterCard Legal Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks' Association to Develop a Blockchain-based KYC Platform

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

02.03 / 01:33

Provident Binance Cooper Gap MasterCard Bitcoin Binance Launches In-Store Crypto Payment Solution with Ingenico

Adoption of cryptocurrencies and services based on cryptocurrencies is continuing to gain traction, with an increasing number of businesses bridging the gap between conventional financial (TradFi) solutions and decentralized financial (DeFi) solutions.

01.03 / 13:01

cryptocurrency Bloomberg Opinion Bank Cash Sweden is ditching cash. Just wait for the fallout

Bjorn Ulvaeus, one-quarter of Swedish pop group ABBA, became a standard-bearer for a world without cash after his son got burgled. Ditching coins and banknotes would hurt criminals and tax-dodgers while helping businesses and government budgets, he reckoned. “Sweden would be the ideal country to make cashless,” he told Bloomberg in 2014. “I think that should be the future.”

01.03 / 12:37

COST Provident Digital Software reports $33 billion fintech giant Revolut reports first-ever annual profit

Financial technology giant Revolut reported its first-ever annual profit in 2021, according to financial accounts released Wednesday, as subscriptions to its paid packages and overall usage of its app grew sharply.

24.02 / 14:17

COST Ethereum Provident Digital nordics CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

22.02 / 15:43

Adoption Binance defi Europe Pilots France pilots in-store crypto payments as Binance partners with Ingenico

The mainstream adoption of crypto and crypto-based services continues, as more companies are bridging traditional financial (TradFi) solutions with decentralized financial (DeFi).

13.02 / 18:16

Waves Manufacturing CEO Tesla Chinese EV brand Zeekr is now worth more than Xpeng

BEIJING — Geely-backed electric car brand Zeekr said Monday it's now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others.

05.02 / 00:27

CBDC Adoption regulation Bank of England UK is 'likely' to need digital currency, says BoE and Treasury: Report

The Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.

01.02 / 08:47

Blockchain Provident Platform Enterprise ChromaWay and the Inter-American Development Bank Collaborate to Improve Property Registration using the Chromia Blockchain

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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