Similar Stories to Norway Central Bank Will Decide On A Central Bank Digital Currency Next Year on Bing News

Sophie Atkinson, ReadWriteWeb
Wed, 10/23/2024 - 5:46am

Norway’s Central Bank, Norges Bank, will decide next year whether it should introduce a central bank digital currency (CBDC). The bank is said to be on track to finalize its recommendation, as other nations in Europe consider similar plans. In an interview in Oslo on Tuesday, and as reported by Bloomberg, Deputy Central Bank Governor Pal Longva said: “I don’t think we’re falling behind on CBDC efforts. “We are in line with many central banks – we are studying complex issues and we have a lot to consider and assess, and there is no urgency as of now. “On the other hand, we should be prepared to move into this space in close collaboration with other banks.” The bank is rumored to be looking at both a retail and wholesale version of CBDC, with the latter being designed for transactions between banks and the central bank. If it’s decided upon as going ahead, a retail version would be used by consumers.

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Norway Central Bank will decide on a central bank digital currency next year
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