Sweden: Financial Sector Assessment Program–Technical Note on Central Bank Digital Currency and Fintech
Sweden: Financial Sector Assessment Program–Technical Note on Central Bank Digital Currency and Fintech
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Volume/Issue:
Volume 2023
Issue 134
Publication date: April 2023
ISBN: 9798400236747
$20.00
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Topics covered in this book
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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , Fintech firm , Fintech sector , B , Fintech landscape , e-krona provision , design feature , CBDC issue , Fintech , Central Bank digital currencies , Commercial banks , Bank deposits , Digital financial services , Europe
Summary
The Swedish economy is characterized by high adoption of digital services in the financial sector, as shown by a thriving Fintech sector, and the ongoing analysis on whether to issue a Central Bank Digital Currency (CBDC). This technical note looks at the systemic risks stemming from the potential issuance of CBDC in Sweden, as well as the growing significance of the Fintech sector. This note does not evaluate the benefits of CBDC, or the Fintech sector.
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