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Posts with the TAG # sweden

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Regulators of Sweden and New Zealand published their Statements on ICO


The financial regulators of Sweden and New Zealand have recently published documents on the primary placements of tokens (ICO). The Swedish financial regulator issued a statement, which notes a number of risks associated with the ICO. The ICO document is described as "a term used to designate the launch of a new token or another form of digital asset based on encryption technology." The Financial Services Agency (FSA) compares the primary placements of the tokens with the "basic" financial measures, and notes that "the goal of the ICO is to attract funding from the public to develop a business idea for the company that does not differ from the idea of basic financing." 

Swedish authorities for the first time recovered debt in bitcoins


Representatives of the Swedish government for the first time settled the repayment of debts with the help of bitcoin. This is the first time when law enforcement bodies officially accepted bitcoin as payment of arrears to the state.
One of the employees of Kronofogden (Swedish Bailiff Service) noted that bitcoin is a new asset that provides his organization more opportunities to resolve various issues and problems. Bitcoin is an alternative method of payment for citizens.

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