Sweden explores moving to a digital currency

Coins of various cryptocurrencies. Sweden is among the first countries in the world to consider introducing a digital currency. — AFP

Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society.

Per Bolund, financial markets minister, said a review launched on Dec 25 is expected to be completed by the end of November in 2022. Anna Kinberg Batra, a former chairwoman of the parliament’s finance committee, will lead the inquiry.