Status : Development
Usecase : Retail
In April 2021, the Norges Bank announced a plan for technical testing over the next two years. In 2017, the Bank established an internal working group to study digital currencies. In 2018, 2019, and 2021 they released reports on the results of their first three phases of study, mostly examining the purpose and consequences of a CBDC. The fourth phase, involving technical testing, is expected to determine whether further testing should be conducted with a preferred solution. The bank’s CBDC experimentation is set to conclude in June 2023.
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