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Swedish cryptocurrency could be coming soon, but cash is still needed: Riksbank boss

Riksbank governor Stefan Ingves. Photo: Jessica Gow/TT

Published: 13.Mar.2018 11:47 hrs

The launch of an e-krona could be only a few years away, but all banks should be expected to handle cash, according to the governor of Sweden's central Riksbank.

In a wide-ranging new interview with newspaper Sydsvenskan, Ingves touched on Sweden's housing crisis, the trend of cafes and shops in the country refusing to take cash over card payments, and the feasibility of a national cryptocurrency, the e-krona.

"350 years ago we replaced large copper coins with notes. Notes could now be replaced with electronic notes and coins," the Riksbank governor told Sydsvenskan.

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