Norway Central Bank Puts Digital Currency Considerations on Ice

Norway Central Bank Puts Digital Currency Considerations on Ice

Norway’s central bank sees no need to introduce a digital currency for now, in an assessment that cements the conservative stance of Nordic authorities regarding such instruments.

Norway Hits Pause on CBDC Plans as Digital Krone Deemed Unnecessary

After extensive testing and years of research, Norges Bank now says the existing payments environment functions well enough that introducing […] The post Norway Hits Pause on CBDC Plans as Digital Krone Deemed Unnecessary appeared first on CoinsPress.

Norges Bank Hits Pause on CBDC Plan

Norges Bank has decided not to move forward with a central bank digital currency (CBDC) because current national payment services are functioning well in terms of reliability, speed, and cost.

Norway’s central bank delays CBDC plans

Norway’s central bank has taken a significant step back from advancing a national central bank digital currency (CBDC), announcing that it will not recommend moving forward with a digital krone at this time. This decision demonstrated that the country is reassessing the urgency of implementing retail and wholesale CBDCs. The announcement was made public after the central bank released a statement on Wednesday, December 10, noting that the curren…

Norges Bank Rejects CBDC; Sticks to Digital Payments

The post Norges Bank Rejects CBDC; Sticks to Digital Payments appeared on BitcoinEthereumNews.com. The Central Bank of Norway concluded that a CBDC is not warranted at this time. The Norges Bank stated that people can continue to use the Norwegian payment system since it is secure and efficient. Norway has followed in the footsteps of the United States, which has allowed financial institutions to explore tokenization. Norway’s central bank has s…

Norway central bank says CBDC not warranted amid robust payment system - The Cryptocurrency Post

Norway’s central bank has determined that a central bank digital currency (CBDC) is not warranted, citing a strong national payment system as the principal reason. The decision signals a pause in pursuit of a state-backed digital currency and reframes the policy debate around whether current infrastructure sufficiently meets public and market needs. The central bank’s position rests on an assessment that existing payment rails and market access …