Sweden revisits digital krona as ECB advances digital euro plans

Lawmakers in Sweden are the immediate audience for this step, because the Riksbank wants them to prepare legislation for a possible digital krona. Banks, payment providers, and users of domestic payments would notice that the discussion is moving from review toward possible legal preparation, while the ECB’s digital euro work is progressing at the same time.

What changes in practice is that the Riksbank is asking for legislative preparation rather than leaving the question at a past inquiry. What does not change is that no issuance decision has been made, so the digital krona is still not an adopted currency and the basic status remains a review rather than a launch.