Sweden: Riksbank warns against scams concerning the State cryptocurrency e-krona
Sweden: Riksbank warns against scams concerning the State cryptocurrency e-krona

Sweden: Riksbank warns against scams concerning the State cryptocurrency e-krona

By Stefania Stimolo - 9 Jan 2019

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The Swedish central bank Riksbank recently alerted users on false information and scams related to the State crypto e-krona, saying that the project is not yet completed.

In a press release published on the official Riksbank website, they state that scams concerning the e-krona are circulating on some websites and social networks.

On certain websites and in social media, claims have been made that it is possible to purchase e-kronas. The Riksbank has also been contacted by individuals describing how they have been called by companies claiming to be selling e-kronas on behalf of the Riksbank“.

Riksbank, in addition to announcing the scam in progress, invites users who come across these offers selling e-kronas to report directly by email writing to [email protected]

Riksbank e-Krona cryptocurrency scam

Sweden is one of the first countries to examine the possibility of transforming its physical currency into digital, thus moving from krona to e-krona, claiming that in the near future there will be a decline in the use of coins and banknotes, while the progress will be towards the adoption of electronic coins.

Not only that, as already revealed, it seems that the Swedish digital national currency in question will not be a token, but a cryptocurrency in every respect, with its own blockchain or distributed ledger.

Anyway, a case study of the BIS or Bank of International Settlements has been published in recent days, in which it is stated that many central banks are proceeding, albeit with great caution, to the creation of digital currencies, the so-called CBDC (Central Bank Digital Currency).

The BSI survey assessed the hypothetical benefits and risks of CBDCs, taking stock of how progress and plans are developing in this area.

This is what has been stated:

Responses show that central banks are proceeding with caution and most are only at a conceptual stage with their work. However, a handful have moved to considering practical issues and a couple of central banks with idiosyncratic circumstances might issue a digital currency in the short or medium term“.

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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