Norway’s Norges Bank Considers Developing Central Bank-Issued Cryptocurrency

News | May 24, 2018 By:

Norges Bank, the central bank of Norway, has published a paper that explores the possibility of developing its own digital currency.

The report, prepared by the central bank’s working group, stated that a decline in cash usage has prompted the bank to think about whether at some future date a number of new attributes that are important for ensuring an efficient and robust payment system and confidence in the monetary system will be needed.