7h ago
Norges Bank halts digital krone CBDC plan after tests, citing strong payment system
On December 10, Norges Bank said it will not for now recommend launching a digital krone, arguing that Norway’s existing payment system already delivers secure, efficient and low‑cost transactions. After several years of trials on both retail and wholesale CBDC models, the bank concluded that the benefits remain uncertain and global standards are not yet ready. It left open the possibility of revisiting a CBDC if international developments or future payment needs change.