Norway Backs EU Crypto Regulation, Weighs Potential CBDC for Financial Stability
Norges Bank, Norway’s central bank, has voiced its support for the European Union’s Markets in Crypto-Assets (MiCA) regulation while evaluating the potential for a central bank digital currency (CBDC) to enhance cross-border payments and bolster financial stability. As part of the European Economic Area (EEA), Norway aligns closely with EU regulations, including MiCA. Kjetil Watne, […]
Norway’s Central Bank Explores Future of Finance with Fifth Round of CBDC Trials
Norges Bank, the banking regulator of Norway, recently announced the completion of its fourth round of central bank digital currency (CBDC) studies. However, the findings have somewhat cooled the enthusiasm for introducing a retail CBDC. In their detailed 20-page report, Norges Bank indicated that the well-developed local payment ecosystem might increase the chances of conducting […]
CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?
Source: Finextra Ahead of NextGen Nordics, which will return to Stockholm on 25 April 2023, Finextra will be publishing a series of ‘sneak peeks’, covering the topics and interviewing the panellists speaking at the event. Central bank digital currency (CBDC) is an exciting area of development from many central banks across the world, particularly in the […]
Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC
Source: Coindesk The central banks of Israel, Norway and Sweden have teamed up with the Bank for International Settlements (BIS) to explore how central bank digital currencies (CBDC) can be used for international retail and remittance payments, BIS announced on Wednesday. The BIS is an association of 61 central banks from around the world and has innovation […]
Norwegian central bank uses Ethereum to build national digital currency
Original Source: Cointelegraph The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox. Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s […]
Norway selects Nahmii to build CBDC sandbox, may include public blockchain
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