Sweden re-examines its digital krona project, while the European Central Bank advances the deployment of the digital euro.
52 minutes ago
Sweden’s central bank is re-evaluating the launch of a digital krona, citing the European Central Bank’s (ECB) progress on its digital euro plans and rising stablecoin usage as key reasons for reconsidering a central bank digital currency (CBDC). The Riksbank sent a letter to the Swedish parliament’s finance committee on October 7, which was made public Thursday, urging lawmakers to begin drafting legislation for a potential future digital krona. Three years ago, a Swedish government survey concluded there was insufficient justification for issuing a digital krona at that time. In the letter, the central bank notes the ECB plans to launch a digital euro pilot in 2027 and could officially roll out the digital currency to the public by 2029. Sweden’s central bank warns that failing to issue a digital version of its domestic currency could erode the competitiveness of its payment system. It also views growing usage of foreign currency stablecoins—particularly dollar-pegged stablecoins—as a long-term concern, though such risks remain limited in the short term.
South Korean financial authorities are stepping up regulation of offshore perpetual contracts, cracking down on illegal marketing to domestic clients and referring violations to prosecutors.
10 minutes ago
South Korea's KOSPI index fell 14.5% this week, marking its largest weekly decline since October 2008.
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The open-source ESP32 iPhone Agent project turns an ESP32 (priced at just over 40 yuan) into an iPhone version of Doubao mobile assistant.
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Perplexity open-sourced SPACE: The project grants AI full root access while leaving keys outside the virtual machine.
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