Norway’s central bank latest to disavow CBDC
Currency would not be ‘appropriate’ to maintain krone’s monetary sovereignty, Norges Bank says
Norges Bank has announced it will not be introducing a retail or wholesale central bank digital currency, at least for now.
The governor of Norway’s central bank, Ida Wolden Bache, said on December 10 that a CBDC was “currently not warranted”.
The bank also said in a statement that although tokenisation “enables innovation and efficiency gains and allows for lower settlement risk”, its existing payments system was efficient and secure enough, and tailored to users’ needs.
However, Norges Bank
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