Norway’s central bank Norges Bank is to test “various technical solutions for a central bank digital currency (CBDC) over the next two years”, the bank’s CBDC working group has announced in its third project report.
“Norges Bank’s research into CBDCs has run for a good four years. A new element moving ahead will be technical testing combined with further analysis of the need for and the implications of introducing a CBDC,” the bank says.
“One of the aims of technical testing is to find a preferred solution if it becomes relevant to introduce a CBDC in Norway.
“Any introduction of a CBDC will still lie some time in the future.”