🇳🇴 Norway Says “Nah” to CBDC – For Now! 💸🤷‍♀️

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Key Highlights (Because Who Has Time for the Whole Story?)

  • Norway’s central bank is like, “Our payment system is fine, thanks. No CBDC for you… yet.” 🏦✋
  • They’re still researching CBDCs because, you know, FOMO is real. 📚🔍
  • Experts warn CBDCs could be a financial freedom superhero or villain-depends on who’s holding the cape. 🦸‍♂️🦹‍♂️

So, Norges Bank (fancy name, right?) decided their current payment system is basically a 10/10 and doesn’t need a CBDC makeover. Governor Ida Wolden Bache was all, “We’re good for now, but if the future hits us with a plot twist, we’ll be ready to drop that CBDC like it’s hot.” 🔥

They’re keeping both retail and wholesale CBDC options on the back burner, just in case. Retail? Think cash, but digital. Wholesale? Banks doing bank things. Yawn. 😴

Apparently, their current system is already faster than a toddler on a sugar rush, cheaper than a dollar store, and more stable than my last relationship. So, no rush on the CBDC front. 🚀💸

CBDC Studies: Because Why Not?

Norges Bank is still geeking out on tokenization and digital currency models, just in case the financial world decides to go full sci-fi. Strategy 28 (sounds like a spy novel) drops in 2025, with a report in 2026. Mark your calendars… or don’t. 📅

They’re also keeping an eye on the Eurosystem’s digital euro drama and are totally down to collaborate with other central banks. “Let’s share notes and maybe a pizza,” said Governor Bache, probably. 🍕

Meanwhile, South Africa hit pause on their CBDC plans, saying, “Let’s fix what’s broken first, shall we?” BRICS, on the other hand, is speeding ahead like they’re in a digital currency race. China, India, Brazil, and Russia are all like, “CBDC? More like YASSS, DC!” 🏎️💨

CBDCs: Freedom or Financial Frenemy?

Ripple’s CTO, David Schwartz, dropped some truth bombs on X (formerly Twitter, because rebranding is fun). He’s like, “CBDCs could be great… or terrible. It’s all about how you use them.” Deep, David. Real deep. 🧠

Ripple’s been busy helping countries like Palau and Bhutan with their CBDC projects, because why not? They’re enhancing their XRP Ledger to handle CBDCs, stablecoins, and tokenized deposits. Tech nerds, rejoice! 🤓

So, Norway’s playing it cool, keeping their payment system on point while staying ready for whatever the future throws at them. Because, let’s be real, the only constant in life is change… and taxes. 🌪️💳

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2025-12-11 17:26