The author makes Sweden look like a totalitarian surveillance state monitoring each citizen's activities 24 hours! He is quite shrill to compare Sweden and the former Soviet Union.
Let's wait and see what the Swedish people come up with concerning the introduction of a digital currency!
"... Sweden is the nightmare example of a state destroying financial privacy, winning the war on cash and having control of all financial transactions. Sweden has almost completely abolished anonymous cash transactions and, as a result, its regulators have control of all financial assets. Since at least 1971, when I moved to Sweden, bank assets have to be reported annually to the tax authorities, which can also demand documentation for all bank transactions. Since 2020, the Swedish police have the right by law to acquire access to locked iphones and computers by use of force.
In such a privacy-averse environment, one should consider Bitcoin as a better alternative. ...
Sweden is now moving toward a central-bank-issued, digital, national currency. Since 2017, the Swedish central bank, Sveriges Riksbank ... has been promoting the e-krona as a complement to, or replacement of, physical cash. Proponents of e-krona argue that it prevents money laundering and criminal activities, speeds up the financial system and finetunes financial and monetary activities. Critics argue that it is the ultimate tool for financial censorship, control and surveillance. The development of e-krona is happening in cooperation with other central banks and the Bank For International Settlements (BIS). ...
The e-krona is centralization and central planning as it existed in the Soviet Union's banking system. ..."
Sweden is now moving toward a central-bank-issued, digital, national currency. Since 2017, the Swedish central bank, Sveriges Riksbank ... has been promoting the e-krona as a complement to, or replacement of, physical cash. Proponents of e-krona argue that it prevents money laundering and criminal activities, speeds up the financial system and finetunes financial and monetary activities. Critics argue that it is the ultimate tool for financial censorship, control and surveillance. The development of e-krona is happening in cooperation with other central banks and the Bank For International Settlements (BIS). ...
The e-krona is centralization and central planning as it existed in the Soviet Union's banking system. ..."
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