Norway supports MiCA, considers CBDC for financial stability

Odaily News Norway's central bank, Norges Bank, has recognized the European Union's Markets in Crypto-Assets Authority (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC). 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 is still considering "whether additional regulation is needed to promote financial stability." Norges Bank "has not yet decided" whether to issue a CBDC, and is evaluating how to "mitigate regulatory gaps related to decentralized finance." (Cointelegraph)