Norges Bank Says Central Bank Digital Currency Not Warranted Now

Norges Bank concludes that “introducing a central bank digital currency is currently not warranted” after assessing whether such a move would help ensure that paying with the Norwegian krone remains secure, efficient and attractive.

• “The need for such a currency may, however, change in the future,” Governor Ida Wolden Bache says
  • “We will be ready to introduce a central bank digital currency if it becomes necessary to maintain an efficient and secure payment system”
• Norges Bank will continue to research tokenisation and different forms of CBDC in order to be able to introduce a CBDC should it be necessary

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