Norwegian Central Bank to Begin Testing the Technical Solution for its CBDC

The Norwegian Central Bank, Norges Bank, is yielding to the recommendations of an internal working group, to proceed with the testing of a technical solution for the proposed Central Bank Digital Currency (CBDC) for the country. According to the bank’s official announcement, the launch of the technical solution testing for the CBDC became imperative as the next step, following a 4-year research into a potential launch of the Digital Krone.