Norges Bank, the central bank of Norway, has concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs.
The central bank said Wednesday that Norway’s existing payment system already offers secure, efficient and low-cost transactions, reducing the need for a CBDC in the near term. However, the bank remains open to launching a CBDC in the future but…
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