Riksbank Governor Sees Good Reason to Believe Regulation of Crypto Will Happen

Sweden's finance minister has also said the government is tightening standards for crypto exchanges.

AccessTimeIconJun 1, 2021 at 8:13 a.m. UTC
Updated Sep 14, 2021 at 1:04 p.m. UTC

Regulation of bitcoin and other cryptocurrencies is looking more likely as they become more mainstream, according to the governor of Sweden's central bank.

  • “When something gets big enough, things like consumer interests and money laundering come into play,” Stefan Ingves said Monday, according to a Bloomberg report. "So there's a good reason to believe that [regulation] will happen."
  • Regulation will develop at different speeds in different markets, he said.
  • Finance minister Asa Lindhagen has said that addressing money-laundering risk will require cross-border work, suggesting there will have to be some degree of international cooperation.
  • Sweden's government is in the process of tightening standards for cryptocurrency exchanges, Lindhagen said, but labelled this "a work in progress at the international level."
  • The Nordic country is also among the most advanced economies in the development of a central bank digital currency (CBDC). Apart from China, Sweden is the only major country whose plans for a CBDC have progressed from discussion and research to testing.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC