Global: Sweden completes Phase 2 CBDC trials

Sweden-based Riksbank has completed the Phase 2 technical trials for its CBDC after beginning the venture within the spring of 2017.

During Phase 2, points similar to offline operate, efficiency, and integration with exterior individuals were examined and conclusions from this part are set to be presented in a report to be published in spring 2022.

Phase 3 will formulate a foundation for the necessities for an e-krona if a choice is made to situation it. All the exams, analyses, and investigations carried out will type a base for this work.

Although Phase 2 is completed, the central financial institution stories are going to conduct different technical exams that can subsequently prolong their contract with Accenture till February 2022.