The Swedish government will analyze the feasibility of the transition to a digital currency, Bloomberg reports.
Sweden is one of the first countries in the world to consider introducing a digital currency.
The Central Bank of Sweden is already conducting a pilot project in partnership with Accenture Plc to introduce an electronic crown based on the same block chain technology as that used by other digital currencies, such as Bitcoin.
The Minister for Financial Markets, Per Bolund, announced that an evaluation process was launched on Friday and is expected to end in November 2022.
”It is crucial that the digital payments market works securely and is available to everyone,” Per Bolund said.
The evaluation will be led by Anna Kinberg Batra, a former chairman of the Finance Committee of the Swedish Parliament.