Sweden's Riksbank is urging lawmakers to reconsider issuing a digital krona, warning that foreign stablecoins and the planned digital euro could undermine the Swedish krona's role in payments and monetary control. Deputy Governor Per Jansson stated that if the Swedish krona is not available in a digital form, it may not be able to compete with more convenient cross-border digital payment instruments. Although a 2023 government inquiry concluded there was insufficient demand, the central bank believes that changes in payment methods and growing security risks necessitate a new review, and hopes legislative work will begin now, anticipating it will take at least five years.