Norway expands CBDC research into wholesale sector
Norwegian central bank has shared the results of the fourth phase of its central bank digital currency (CBDC) experiment. The bank believes that there is currently no need for a retail CBDC, given that tokenized deposits can provide an alternative solution for retail CBDC. Therefore, the bank will now explore wholesale CBDC for interbank settlement of tokenized deposits. The fifth phase will continue until the end of 2025, at which point the central bank management will have the tools to decide whether to continue with CBDC rollout.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Dev Responds to Shibarium’s Integration of Chainlink’s CCIP for Seamless Connectivity
AAVE breaks above $200
Vancouver mayor proposes Bitcoin adoption as reserve asset
Ether ETFs gain $224.9M as Ethereum price rallies to $3,590