The president of Riksbank noted that the Facebook project has influenced changes in the work of financial institutions. The central bank is thinking of creating an electronic crown, as Ingves said during an interview with CNBC.
Libra are waiting for difficulties before starting
The head of the central bank of Sweden noted that the Facebook cryptocurrency forced central banks to reconsider their activities. The head of Riksbank added that the use of cash was reduced in the country. The changes lead to the fact that all organizations understand the transition to digital money in the future.
The president added that the bank is thinking about issuing cryptocurrency, following the Libra example. According to Ingves, they are ready to launch Swedish cryptocurrency this year. The head of the central bank said that the Facebook project will face difficulties before entering the market.
Interesting in the section: Regulators and fear: what can prevent Facebook from releasing the Libra cryptocurrency
- Libra cryptocurrency met with doubt from regulators and financial companies. The project continues to prepare for launch despite obstacles