Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: Norway ruled that a digital krone central bank digital currency is unnecessary for now, highlighting its strong payment rails and the uncertain benefits of both retail and wholesale CBDCs, a US regulator found major US banks had debanked the crypto sector, and Strategy responded to the MSCI’s plan to exclude crypto treasuries from its indexes.
Norges Bank, the central bank of Norway, concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs.
The central bank said Wednesday that Norway’s existing payment system already offers secure, efficient and low-cost transactions, reducing the need for a CBDC in the near term. Still, the bank remains open to launching a CBDC in the future.
