Swedish authorities have announced plans for a step-by-step replacement of the traditional krona with a digital equivalent, signaling a potential shift away from paper money in one of the world’s most cashless societies. A detailed review of the possibility was launched earlier this week, and is expected to be completed by the end of November 2022, according to the country’s financial markets minister, Per Bolund. It followed the launch of a pilot Central Bank Digital Currency (CBDC) earlier this year. The ministry reportedly set up a committee to oversee the review headed by Anna Kinberg Batra, a former chairwoman of the central bank’
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