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Norway Halts CBDC Plan, Central Bank Cites Robust Payment System

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Norway’s central bank has paused its CBDC plan, stating the existing payment system remains secure and efficient. The decision follows years of evaluation, with the bank stressing that infrastructure meets current needs in liquidity and crypto markets. It will continue researching digital currency to address future demands, including Countering the Financing of Terrorism. Norway’s reliance on electronic payments reduces the need for a digital alternative. The bank will monitor stablecoins and cross-border tools under EU rules, while studying tokenization and resilience in liquidity and crypto markets.
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