Last Updated on June 29, 2022 by Stephan Lindburg

eKrona Review (AKA eKrona Cryptocurrency): Blacklisted Automated Trading Software and Fake Signals App Exposed!
Welcome to our eKrona cryptocurrency review. In April 6, 2021 Reuters Thompson published an article about about Sweden’s e-krona project and how it is designed to bring in Europe’s central banks into the future of digital commercial and retail payments. For reasons which have not been specified, this pilot has been put on hold. Riksbank, Sweden’s central bank has advised the public that “no final decision” has been made in regards to the creation of a blockchain-based Swedish currency which is also referred to as a Distributed Ledger Technology or central bank digital currency (CBDC). In other words as of now there is no eKrona, and it is definitely not a government backed cryptocurrency.

Sadly, scammers have decided to capitalize on the latest news and media hype which was generated as a result of these recent developments. They have managed to acquire some very persuasive domains and rolled out a very elaborate get-rich-quick scheme named “eKrona Cryptocurrency”. These con artists are tying to present their dubious website as the official In the eKrona Cryptocurrency website, and advising potential victims to “Invest Into eKrona Today and Become an Early Adopter of a Digital EU Cryptocurrency”.

In direct contradiction to what the eKrona cryptocurrency website claims, it is most definitely NOT a regulated cryptocurrency exchange. Additionally, the adoption of a digital currency by the European Union has nothing to do with this obvious farce. To make matters worse, these charlatans are putting on a very crude yet convincing show by trying to present their digital coin as a cryptocurrency which is associated with the Swedish central bank (Riksbank). This is done in order to make their lie more believable or persuasive, and as a result be more effective at baiting victims.

The people who are responsible for orchestrating this scheme are affiliate networks that work in cooperation with offshore CFD brokers. We know this to be true after receiving numerous complaints about the eKrona cryptocurrency scam by customers who took the bait and invested using this service. In our eKrona cryptocurrency review, we will expose all of their lies and explain in detail why this bogus trading platform and fake app must be avoided. So take a minute and see with your own eyes how we were able to expose these crooks and shed light on their methods of operation.

Official eKrona Cryptocurrency Website, Login Page, and Members Area: There are a few websites, and they all claim to be the official eKrona cryptocurrency site.

Scam Evidence
Take a look at the image below. This is one version of the eKrona Cryptocurrency scam website. We want you to focus on the presenter, who is supposed to be an official spokesman for the eKrona Cryptocurrency.

Below we can see the exact same spokesperson, only he doesn’t work for the Swedish government or Riksbank. This person is a Fiverr actor who goes by the pen-name of “voiceoverbyluis“, where he sells his services for a measly $5. Feel free to check out his profile.

Here you can see a duplicate version of the eKrona scam. This version was produced by a London-based affiliate network specializing in search engine promotions. They are trying to piggyback on the advertising bucks which are generating a lot of eKrona Cryptocurrency search queries. Being able to snag a top spot on various search engines such as Google or Bing allows these scammers to position themselves as the official eKrona Cryptocurrency website, and in that way trick victims into joining through their fraudulent service.

And here we have proof that these chain scammers are cloning or duplicating websites based on their template. In this specific case the crooks who are responsible for this activity are well-known as I we have already mentioned above. They have chosen this specific template because it caters to their requirements and allows them to streamline their fraudulent activities.

Fake eKrona Cryptocurrency Reviews
Here we have a Google-News approved website which is endorsing the eKrona scam and giving this bogus trading app a score if 9.5 out of 10. This website will cease to exist at a certain point, but until then the crooks who are behind it are very successful at baiting victims on search engines. So please avoid all of these polished websites that try to sell you the idea that you can make millions overnight. They are no better than the scammers themselves and are getting their pound of flesh every time you invest through their deceptive websites.

eKrona Cryptocurrency Review: Fake News
The eKrona Cryptocurrency scam was never mentioned in the Wall Street Journal, CNN, Bloomberg, or for that matter any news outlet. What you are seeing here are news snippets that were taken in the Beta phase of the eKrona experiment, and are no longer relevant. As always,  the scammers are using half-truths and outright lies in order to put on a more convincing act. But we know the truth and won’t let them get away with their misdeeds!

What Is eKrona Cryptocurrency and How Does It Work?
The eKrona scam is advertised a new government-backed digital currency. In the sales video, the scammers are saying that Sweden and the European Union have been “working together to develop a decentralized digital currency named e-krona”. They are also trying to alleviate any fears or skepticism you may have by saying that e-Krona is a truly genuine national currency.

eKrona Cryptocurrency Review: Legit Government-Backed Cryptocurrency Or Scam Trading App?

We have to give credit where it is due. This time the scammers outdid themselves and actually created an innovative scam which exploits old news related to the eKrona experiment. eKrona cryptocurrency is real, but it is not a currency which is in circulation and until further notice it is a project which has been scrapped by the Swedish central bank.

In fact, if you look at the image above you will see that the Swedish Riksbank is specifically saying that “it has not been decided yet whether Riksbank will issue an e-krona and it is not possible to buy them”. It is also stated in very plain English that there is a lot of fake news and “misinformation” which is being disseminated in social media and/or fake websites. So no, you will not be able to generate €4,941 in a few months. In fact, the only thing you will generate is losses if you join the eKrona cryptocurrency scam.

eKrona Cryptocurrency Review Continued: Fake Sales Pitch Exposed
The fiverr actor is ranting about a new and very promising government-backed cryptocurrency named eKrona. The aim of this initiative is to create a Swedish digital currency which will be accepted for retail payments online or for in-store purchases. The lies continue as a menagerie of half-truths and distorted facts are used to convey a message about how Sweden has a GDP of 530 Billion dollars and wishes to position itself as a global leader in government-backed cryptocurrencies.

They continue to talk about how the Swedish Riksbank is in talks with Visa and Mastercard to enable cryptocurrency payments. It is also said that eKrona cryptocurrency aims to enable the benefits of Blockchain without any security risks associated with other virtual currencies. Then they say that eKrona Cryptocurrency will be the first digital currency to be used as collateral to borrow against within the European Union. It is also mentioned that any person owning eKrona Cryptocurrency will be eligible for a bank loan from any EU bank.

We are told that the EU has confirmed that the price of eKrona Cryptocurrency will not be fixed, and that the constant rise in value will promise a substantial return on investments. Finally, the scammers are “going for the kill” and saying that if you are interested in investing in eKrona, now is the time because at some point it will become to expensive to purchase like Bitcoin has become. Lastly, they are asking users to make sure to use their website only ekrona(dot)com since it is “the only website which is a licensed and authorized issuer of eKrona”.

This is done because the scammers know that competing affiliate networks will duplicate their dubious website, and have taken certain safeguards designed to keep their victims glued to their site instead of gravitating elsewhere.

eKrona Cryptocurrency Regulation Check

Below we have a formal statement from the Swedish National Bank (Sveriges Riksbank) which warns Swedish nationals about fraudulent activity and fake claims made by “fraudsters” about the selling and buying of eKrona. So, if you don’t believe us you can definitely believe the Swedish authorities.

Is It Free?
Absolutely not. It will cost you at least £/$/€250 to gain access to this fake trading app. That money will be charged to your credit card by the cheating broker which has been assigned to you.

eKrona Cryptocurrency Deposits and Withdrawals (Cashier FAQ)
Members registering for the eKrona scam will usually find it very easy to fund their trading account. In most cases you will need to verify a few details over the phone and voila, your are on your way to becoming the next eKrona millionaire!

eKrona Cryptocurrency Tax-Related Questions
There is no need to inquire about tax-related issues because tax is levied on profits only. So unless you have a profitable business and wish to show loss of capital, taxes related to eKrona Cryptocurrency should not concern you in the least bit.

eKrona Cryptocurrency Bonus Structure
Bonuses are types of incentives which are provided for paying members. In many ways this practice is similar to gambling, where players are granted bonuses or comps. These bonuses are not really free, since they carry a trading requirement which is substantial. In most cases traders are not able to complete these requirements and end up having their balance “eaten up” by the broker. That is why we always recommend you refrain from accepting bonuses or any type of comps. There is always a catch and people never read the fine print.

Signals, Bots, and Automated Trading App
Trading is not a simple task! But it can be broken down, simplified and even automated. This is why there are systems in place that are designed to assist you in generating the optimal results. Manual signals offer you more control over your trades, bots do the heavy lifting for you, and there are other systems like social trading apps which also help. You have to decide which one is right for you, but whatever the case may be, don’t trade without gaining access to a tested app if you are an amateur or inexperienced trader.

Tested Software That Works
We know that most systems out there are total flops designed to fail from the outset. However, this is not always the case and once in a while there is actually a new trading app which generates winning trades as expected. That is when we start testing it and if it passes our screening process we add it to our recommended section on a provisional basis. If the trading platform performs consistently it receives our full endorsement.

eKrona Cryptocurrency Review, Summary, and Conclusions
The eKrona Cryptocurrency scam trading software and bogus government-backed cryptocurrency is merely another blacklisted get-rich-quick scheme. Our research staff was able to produce clear-cut and conclusive evidence of scam and malicious foul play. This time the scammers actually posed a challenge and were very smart to use outdated news articles and half-truths. Still, we were able to uncover the facts and shed light on this latest sham. Should you have any questions or require additional clarifications regarding eKrona Cryptocurrency, please make sure to drop us a line by leaving a comment below.

Reference:
https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2021/warning-for-e-krona-fraudsters/
https://www.reuters.com/article/us-cenbanks-digital-sweden-idUSKBN2BT1CF