Summary Review: Norway’s central bank, Norges Bank, supports the EU’s Markets in Crypto-Assets Regulation (MiCA) and is exploring the potential benefits of a central bank digital currency (CBDC) to strengthen cross-border payments and maintain financial stability.
Norges Bank, Norway’s central bank, has announced its support for the European Union’s Markets in Crypto-Assets Regulation (MiCA) as it considers adopting new digital currency policies to advance financial stability and cross-border transactions. MiCA, a regulatory framework for digital assets across the EU, aims to bring transparency and uniformity to the crypto market.
As a member of the European Economic Area (EEA), Norway aligns itself with the goals of MiCA. Kjetil Watne, who heads Norges Bank’s CBDC project, stated that while MiCA is a strong foundation, further regulations may be necessary to address financial stability within Norway. He also mentioned that the bank has not yet decided on issuing a CBDC but is exploring ways to close regulatory gaps, especially regarding decentralized finance (DeFi) activities.
Norges Bank views a potential CBDC as a tool for enhancing payment infrastructure and supporting the evolving digital finance landscape in Norway.
Summary Review: Norway’s central bank, Norges Bank, supports the EU’s Markets in Crypto-Assets Regulation (MiCA) and is exploring the potential benefits of a central bank digital currency (CBDC) to strengthen cross-border payments and maintain financial stability.
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