Norway’s central bank, Norges Bank, has recognized the EU Cryptoasset Market Authority (MiCA) and is considering adopting a central bank digital currency (CBDC). The country is in the process of evaluating the possibility of issuing a CBDC and has yet to decide whether it is needed. Kjetil Watne, project director of Norges Bank’s CBDC project, said that Norway, as a member of the European Economic Area (EEA), welcomes MiCA’s framework.
However, he noted that the bank was still considering “whether additional regulation is needed to promote financial stability.”
