Sweden | ForkLog

ForkLog 47 27.05.2025

Vitalik Buterin Highlights Ethereum’s Role Amid Sweden’s Cash Revival

Vitalik Buterin emphasized the fragility of centralized digital payments and the potential of decentralized alternatives. The Ethereum co-founder commented on Sweden’s shift away from a cashless policy. Nordics are walking back the cashless society initiative because their centralized implementation of the concept is too fragile. Cash turns out necessary as a backup. Ethereum needs to […]

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ForkLog 6 11.04.2025

Swedish Finance Minister Urged to Consider Bitcoin Reserve

Swedish MP Rickard Nordin published an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin as a national reserve asset. “Sweden has a tradition of a conservative and well-managed currency reserve, consisting mainly of foreign currencies and gold. At the same time, there is rapid development in digital assets, and several international players […]

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ForkLog 11 18.04.2024

Swedish Miners Face $90 Million Tax Claims

The Swedish tax authority, Skatteverket, has identified a tax shortfall from mining companies amounting to nearly 1 billion kronor (over $90 million). An investigation conducted from 2020 to 2023 revealed violations in 18 out of 21 examined companies in the sector. “The companies we examined used a specific approach to conceal their involvement in mining, […]

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ForkLog 17 21.08.2023

Genesis Digital Assets launches a ‘green’ data centre for Bitcoin mining

Genesis Digital Assets (GDA) expanded its Bitcoin mining capacity in Sweden with the launch of a new data centre.

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ForkLog 8 11.06.2022

Sweden’s central bank urges ban on Bitcoin for environmental reasons

Riksbank published a report 'Cryptocurrencies and Their Impact on Financial Stability', in which it shared the results of its own study of mining under the {{AOPEN_1}}Proof-of-Work{{ACLOSE_1}} consensus algorithm.

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ForkLog 8 08.11.2021

Sweden Calls for EU-wide Ban on Bitcoin Mining

Regulators in Sweden say that mining Bitcoin and other cryptocurrencies on the Proof-of-Work algorithm would hinder Sweden and the European Union from meeting the Paris Agreement on climate change.

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ForkLog 9 10.09.2021

Mexico’s central bank chief says bitcoin is a barter instrument

Bitcoin is more like a barter instrument, whose use carries high risk, than “evolved” money. This was stated by Mexico's central bank governor Alejandro Díaz de León, according to Reuters.

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ForkLog 11 20.08.2021

Sweden’s government has returned bitcoins worth more than $1.5m to a drug trafficker

The Swedish government has returned more than $1.5m in bitcoin to a drug trafficker after the value of the cryptocurrency rose sharply while he was in custody.

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ForkLog 9 01.06.2021

Sweden’s central bank: Bitcoin’s rising popularity will tighten regulation

Bitcoin and other cryptocurrencies are unlikely to escape close regulatory scrutiny due to their growing popularity, said Riksbank Governor Stefan Ingves, Bloomberg reports.

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ForkLog 7 28.05.2021

Sweden’s central bank selects participant for CBDC experiment

The Riksbank will test the national digital currency (CBDC) in collaboration with one of the country’s largest banking groups, Handelsbanken.

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ForkLog 07.04.2021

Riksbank completes first phase of digital krona pilot

The technology behind national digital currencies (CBDCs) requires further work, particularly in terms of scalability. These conclusions are contained in the Riksbank's report on the results of the first phase of the digital krona testing.

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ForkLog 5 28.12.2020

Bloomberg: Electricity prices for Bitcoin miners in Scandinavia fall to multi-year lows

Sweden and Norway faced hydroelectric overproduction, driving tariffs down. The countries have again become a profitable base for Bitcoin mining, Bloomberg reports.

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