Norway CBDC

Link to announcement: www.norges-bank.no

Proof of concept → Cancelled

Link to announcement: www.norges-bank.no

Link to announcement: www.regjeringen.nowww.bloomberg.com

Link to announcement: www.bloomberg.com

Link to announcement: www.norges-bank.no

Research → Proof of concept

Technology Provider: Nahmii → Nahmii, Symfoni, Norwegian Block Exchange

Technology Provider: Nahmii

Technology: Ethereum, Hyperledger Besu

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: To ensure a public and credit risk-free alternative to deposits in private banks, in addition to cash and To function as an independent back-up solution for the ordinary electronic payment systems. → To ensure a public and credit risk-free alternative to deposits in private banks, in addition to cash and to function as an independent back-up solution for the ordinary electronic payment systems. Possibly enable new and innovative digital services.

Link to announcement: www.nahmii.ioblog.nahmii.iogithub.com

None → Research

Announcement Year: 2019

Retail/Wholesale: Retail

Description: In May 2018, the working group released a report identifying key considerations in the decision to develop a CBDC. In June 2019, a second report explored the purposes of a CBDC and assessed potential solutions. In the next phase of the project, the working group will perform a more detailed assessment of the proposed solutions, the technologies they will require and their possible impact. On April 2021, it was announced that the central bank will test various technical solutions for a central bank digital currency (CBDC) over the next two years.

Main motivation/goals of the CBDC: To ensure a public and credit risk-free alternative to deposits in private banks, in addition to cash and To function as an independent back-up solution for the ordinary electronic payment systems.

Link to announcement: static.norges-bank.nostatic.norges-bank.nowww.r3.comwww.crowdfundinsider.com

Country / Region: Norway

Central Bank(s): Norges Bank