@spiritsonya
Norway explores CBDC adoption and supports MiCA regulation 🇳🇴💰
Norges Bank, Norway’s central bank, is backing the EU’s Markets in Crypto-Assets (MiCA) regulation and is evaluating a potential central bank digital currency (CBDC) for enhanced cross-border payments and financial stability.
Key Points:
1️⃣ MiCA Support: As part of the European Economic Area, Norway aligns with EU crypto regulations. MiCA, currently under review, aims to standardize crypto-asset activities in Europe.
2️⃣ CBDC Potential: Norges Bank is assessing whether a CBDC could supplement cash and digital payments, recently participating in a trial for cross-border CBDC transactions.
3️⃣ Privacy Focus: The bank prioritizes privacy, ensuring compliance with regulations like anti-money laundering without monitoring individual transactions.
Norway’s cautious approach reflects a balance between innovation and economic stability.
0 reply
1 recast
0 reaction