Kilpatrick Townsend & Stockton LLP (JD Supra Sweden)

The country with the most cashless consumer transactions announced this week that it plans to test its own cryptocurrency “that can work as a complement to cash.” Sweden’s central bank, the Riksbank, stated it will be conducting a pilot project with Accenture to develop a proposal for an “e-krona” using Distributed Ledger (i.e., Blockchain) Technology (DLT).