Sweden | Crypto

Klarna has announced KlarnaUSD, a fully dollar-backed token on Stripe’s Tempo blockchain, as it has joined global payment companies issuing stablecoins to test faster, lower-cost cross-border payments for its more than 100 million users ahead of a planned 2026 launch. The post Klarna Moves Into Stablecoins via Stripe-Backed Tempo Blockchain in Sweden appeared first on Cryptonews.

Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024. Sweden’s justice minister has called on local authorities to focus on crackdowns that could yield larger seizures of assets including cryptocurrency under a 2024 law that allows the confiscation of luxury items and cash from individuals even if they aren’t the target of an investigation. According to a Thursday report from financial news outlet Dagens industri, Minister of Justice Gunnar Strömmer said local police, tax authorities and the Swedish Enforcement Authority should put more effort into cases likely to yield crypto proceeds, real estate and other corporate assets. The justice minister reported that the government had seized more than $8.3 million in criminal profits since 2024. “Now it’s time to turn up the pressure even more,” said Strömmer. Read more

Vitalik Buterin said there are ways Ethereum can function as a financial fallback in times of instability through hardware solutions. As Sweden reconsiders its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented by decentralized payment alternatives.  In recent years, Sweden has led the charge toward a cashless future, with digital payment platforms becoming widespread. However, as concerns over cyber-threats, civil defense and instability have emerged, Swedish authorities are now actively encouraging citizens to keep some cash.  Buterin noted the reversal illustrates that while centralized solutions may be efficient, they may not be reliable during times of crisis.  Read more