THE FUTURE OF DIGITAL CURRENCIES: GOVERNMENT OR PRIVATE?

The number of central bank digital currency (CBDC) projects is growing from month to month. At the same time, the central banks that have actually tested such currencies (Uruguay, Ecuador, the East Caribbean Bank) are either abandoning projects or are extremely cautious. Sweden and China are the two largest economics in the world that have approached practical implementation of CBDCs. In this session, Stefan Ingves, Chairman of the Executive Board, Swedish Riksbank (Central Bank of Sweden), will share his views on what the role of central bank digital currencies and cryptocurrencies will be, why Sweden has become one of the pioneers in CBDC development, and why the digital krone project is moving forward so cautiously.