Swedish bank Skandinaviska Enskilda Banken AB (SEB) sponsored an article in Swedish daily Svenska Dagbladet about Bitcoin. The article takes a cautious look at Bitcoin, including its strengths and weaknesses. One concern the bank has in terms of Bitcoin’s long-term appeal is its ability to fall under the purview of global regulations, while acknowledging the breakthrough that it is in payments.
SEB, a Swedish financial group for corporate customers, institutions and private individuals headquartered in Stockholm, Sweden, was founded and remains controlled by the Swedish Wallenberg family.
Bitcoin needs stability, according to SEB’s chief strategist, Johan Javeus. Because Bitcoin has not been under the purview of a central bank, it exists “outside all systems,” writes SEB. Considering global regulations to tax and oversee Bitcoin, however, as well as high profile court trials, it is clear to see Bitcoin is, in fact, not outside “all systems,” but rather has already been embedded in the culture