Bitcoin becomes the official currency of Sweden? But only lasted for thirty minutes

Recently, hackers have hacked into the Twitter account of Sweden's largest party, the Social Democratic Party, and then changed the country's official currency into bitcoin.

A total of five hackers participated in the attack, one of whom was interviewed by the local media. They broke the official Twitter of the Social Democrats on April 15th, local time, and made a lot of tweets.

1

One of the tweets is to "announce" the replacement of Swedish official currency with bitcoin.

We abandoned the Swedish krona and replaced it with bitcoin.

It also called on the Swedish people to buy bitcoin. This tweet has been deleted.

The attack lasted only about 30 minutes, and Twitter had suspended the actions of the hackers after the problem was discovered.

Swedish digital currency storm

Supporters of this tweet may also coincide with the new financial policy created by Bitcoin. Earlier, Sweden appeared to be interested in replacing the diminishing cash supply with the digital version of the Krone, which may be fully centralized.

The reason for issuing such a digital currency seems to be to reduce dependence on the private finance sector. If the government does not issue digital currency, Swedish payments will always depend on third-party processors.

Bitcoin

The Deputy Governor of the Swedish Central Bank said:

If cash ceases to flow, everyone will rely on the private sector to get funding and payment methods. This will be an unprecedented historical change.

Private companies’ control over the payment business has always been controversial, and this month has once again become the focus of attention in the UK. The British prosecutor has restarted a huge lawsuit against MasterCard, amounting to 14 billion pounds (about 18.25 billion US dollars).

Once the prosecutor wins, about 46 million British people will receive no compensation for about £300 ($390).

At the same time, bitcoin is a worrying issue for the Swedish authorities. In January of this year, a trader received nearly $1 million in tax bills because the tax department saw its transactions as business activities rather than private activities.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Wuzhen News | BKEX founder Ji Jiaming confirmed attending the World Blockchain Conference, he will bring the heavy news of BKEX

On November 8-9, 2019, the second blockchain conference hosted by Babbitt·Wuzhen will be held in Wuzhen. BKEX (c...

Blockchain

IMF urges Philippine central bank to collect crypto exchange transaction data and use data for macroeconomic analysis

According to Cointelegraph reported on January 2, the International Monetary Fund (IMF) urged the Philippine Central ...

Market

Dialogue with Circle CEO How can USDC recover the market lost due to SVB's bankruptcy?

In this interview, Laura Shin and Jeremy Allaire discussed various topics including Coinbase's investment in Circle, ...

News

Who can take the lead in breaking the exchange contract?

Mark Lamb, CEO of CoinFLEX, predicts that by the end of 2020, the derivatives market will reach 20 times the size of ...

Market

Multiple macroeconomic negative factors have hit the market, causing Bitcoin to drop below 26,000 US dollars in the short term.

24-hour bitcoin price analysis chart shows that bitcoin is in a strong downtrend, with bears dominating the market.

Blockchain

A number of exchanges will openly call the FATF proposal at the G20 opening meeting

The G20 summit of the G20, which everyone is paying attention to, will be held on June 28 and 29, 2019 in Osaka, Japa...