Search
Norway supports MiCA, considers CBDC for financial stability
9.11.2024
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
24.10.2024
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing...
Norway Should Consider a National Strategy for Crypto Regulation: Norges Bank Report
25.5.2023
The bank says lawmakers should take advantage of existing regulations that cater to systemic risk and enforcement action for example, as well as stresses the need for crypto specific ones
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology
14.9.2022
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various...
Bitcoin Price to Face Another Test as Central Banks Eye Rate Hikes
24.9.2021
t central bank in a Western developed nation to do so following the onset of the pandemic, Norway’s central bank, the Norges Bank, this week hiked its interest rate from 0% to 0.25%, citing a need to “begin a gradual normalization of the policy rate” as the economy is “normalizing.” “The
Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency
9.11.2020
The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone in a speech Thursday
Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says
6.11.2020
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack