• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

Norges Bank Doubts Crypto Will Replace Fiat

by CBDC Insider
May 17, 2021
in Business, Europe
Reading Time: 1min read
0
Norges Bank Doubts Crypto Will Replace Fiat

Norges Bank er sentralbanken i Norge, og har som hovedoppgave å sikre økonomisk stabilitet i Norge ved hjelp av pengepolitiske virkemidler. Siden 1986 holder Norges Bank til på adresse Bankplassen 2.

Share on FacebookShare on Twitter

RELATED STORIES

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

July 6, 2022
How Might Central Bank Digital Currency Affect Banks?

How Might Central Bank Digital Currency Affect Banks?

July 6, 2022

Norway’s central bank, Norges Bank, does not believe cryptocurrencies could replace fiat money, business news website E24 reported. Deputy Governor Ida Wolden Bache said it is “unlikely” that cryptocurrencies will make banks and Norwegian kroner redundant. However, she admits that the financial system will change.

Norges Bank monitors cryptocurrency, and will test solutions for a central bank digital currency (CBDC) over the next two years. Other central banks, including the Riksbank in Sweden, are also working on the same digitization of the economy. Bache emphasizes that Norwegian banks “are far ahead technologically.” She points out that the use of cash is low and the use of online banking is high as banks automate their business offerings.

The Deputy Governor also noted that Norway needs a means of payment that provides “fast, secure and affordable settlement for trade.” As iHodl earlier reported, Norges Bank Governor, Øystein Olsen, believes that additional knowledge is necessary for the regulator in order to decide whether issuing a CBDC is appropriate.

Read more: https://ihodl.com/topnews/2021-05-16/norges-bank-doubts-crypto-will-replace-fiat/

Previous Post

e-Krona Considered to Be “Highest Potential Return” Investment, Study Finds

Next Post

CBDCs Aren’t Very Stable, But Can Replace Bitcoin- Edward Chancellor

Next Post
CBDCs Aren’t Very Stable, But Can Replace Bitcoin- Edward Chancellor

CBDCs Aren't Very Stable, But Can Replace Bitcoin- Edward Chancellor

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register