Sweden Could Be The First Country With Its Own Cryptocurrency

Sweden’s central bank, the Riksbank, is spearheading international cooperation on the development of officially sanctioned cryptocurrencies and could be the first to launch its own, according to a note from analysts at HSBC.

HSBC economist James Pomeroy sent a note to clients this week titled “Sweden’s big year: Can the economy overcome some challenges?”

Broadly, the note takes a look at the state of Sweden’s economy — which HSBC calls “one of the world’s most interesting” — before drilling down to the possible introduction of a so-called “e-krona,” something that might occur within the next couple of years, although “2018 may be a little too soon.”

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