Norges Bank Keeps Mulling Digital Currency Options, Longva Says

Norges Bank continues to explore options on introducing a central bank digital currency before deciding whether to recommend the move, while the final decision lies with the parliament, Deputy Governor Pal Longva said.

• Cryptocurrencies aren’t suitable as money due to unstable value but parts of technology behind crypto assets can provide new opportunities that need to be explored, Longva said at a conference in Oslo on Tuesday.
• Potential introduction of central bank digital currencies will depend on how good the cooperation is between actors in the payments system, with a goal of offering better solutions than what exists today.
• CBDC ...