Crypto-Krona

Sweden's Very Own Bitcoin. What Could Possibly Go Wrong?

Don't expect central banks to go digital in a hurry.
Photographer: Linus Hook/Bloomberg
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The finance industry's attitude to automation and technical innovation resembles the old song lyric: "Everybody wants to go to heaven, but nobody wants to die."

Bank executives love to warn of robots replacing humans across the industry, but basic IT management often seems beyond them. The blockchain and digital currencies are the future, they tell us, but no-one seems quite sure what to do with them or whether they really want them.