Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency
The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.
Hive said it would likely not be able to meet the development conditions for the project without tax relief on electricity.
The bank said the motivation for research into CBDCs remains strong as many other central banks around the world are carrying out similar experiments.
The regulatory body stressed the cryptocurrency market remains largely unregulated and consumer protections are needed.
Owned by billionaire Kjell Inge Roekke, the firm's new investment entity, Seetee, is going all in on bitcoin.
The Norway-based investment company is now known as Arcane Crypto AB and trades as "ARCANE."