Norway Central Bank To Develop Cryptocurrency

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Norway’s central bank (Norges Bank) is considering developing its own digital currency as a supplement to cash. Introducing a CBDC in Norway – as a supplement to cash – “would entail offering a digital liability on Norges Bank for use as a means of payment and store of value”, says the official report of the bank. The primary target group for any CBDC will be the general public in Norway: private individuals, associations, organisations, non-financial enterprises and government authorities.



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