Sweden

Central Bank Asks Swedish Legislators To Review Concept Of Cash
Central Bank Asks Swedish Legislators To Review Concept Of Cash
April 29, 2019  |  Cash

Sweden’s central bank has asked the country’s lawmakers to define “the concept of legal tender,” and the role it plays in an increasingly digitized society,...

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Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
March 07, 2019  |  Regulation

Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering....

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Sweden’s Cashless Drive Hits A Speed Bump
Sweden’s Cashless Drive Hits A Speed Bump
November 22, 2018  |  Digital Payments

In Sweden, the move to a cashless society has been marked by a quickened pace. Might there be speed bumps ahead, though? The New York Times...

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SWIFT Disconnects From Iran’s Banks
SWIFT Disconnects From Iran’s Banks
November 08, 2018  |  B2B Payments

SWIFT has given the nod to U.S. sanctions against Iran and cut off dozens of Iranian banks from the financial messaging service — leaving Iran...

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PayPal-iZettle Deal Probed By UK Regulators
PayPal-iZettle Deal Probed By UK Regulators
September 21, 2018  |  Partnerships / Acquisitions

As reported by the Financial Times on Friday (Sept. 21), the United Kingdom’s competition watchdog, the Competition and Markets Authority said, in what is known...

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Swedish Krona Continues To Fall Amid Other Currency Upheavals
Swedish Krona Continues To Fall Amid Other Currency Upheavals
August 29, 2018  |  International

The currency decline continues: The Swedish krona fell Wednesday (Aug. 29) against the euro, the fifth straight day that has happened. The decline comes amid...

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Some Swedes Contend Cashless Society Puts The Country At Risk
Some Swedes Contend Cashless Society Puts The Country At Risk
April 04, 2018  |  Digital Payments

While most Swedes have embraced the movement toward a cashless society, there is a growing number who are worried about the rush, with concerns being...

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NA-KD, Swedish eCommerce Fashion Outfit, Grabs $45M In Series B
NA-KD, Swedish eCommerce Fashion Outfit, Grabs $45M In Series B
January 15, 2018  |  Retail

Swedish fashion eCommerce firm NA-KD has raised $45 million in a Series B funding round. Of those funds, reports TechCrunch, is $5 million that comes...

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Sweden Cuts Small Business Tax With Eye On Entrepreneurship
Sweden Cuts Small Business Tax With Eye On Entrepreneurship
September 06, 2017  |  B2B Payments

Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in...

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