Tokenization of national currency: Swedish context

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Journal paper

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Volume 8, Number 4 (October-December 2018)

Please, cite as:
Kopylov D.A. Tokenizatsiya natsionalnyh valyut: shvedskiy podkhod // Ekonomicheskie otnosheniya. – 2018. – Tom 8. – № 4. – S. 539-547. – doi: 10.18334/eo.8.4.39565.

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=36489668
Cited: 5 by 07.12.2023

Abstract:
Sweden’s Riksbank is planning to introduce a new state e-currency. This country has a developed financial system and is open for innovations. The central bank considers legal effects and technological constraints before making decision on issuing a simultaneously circulating digital currency. Staggering upswing in cryptocurrencies’ popularity all over the world and falling demand for cash payments in Sweden act as a boost for Riksbank’s efforts. The author conducts SWOT-analysis of national digital currency as an innovative project and establishes link between e-krona and Russia’s ideas to implement the cryptoruble. Overall, digital transformation of national currency is akin to tokenization. Sweden addresses the issue bit-by-bit, and Russia is advised to follow suit.

Keywords: electronic money, cryptocurrency, digital currency, cryptoruble, tokenization

JEL-classification: F31, F33, F39

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