Yesterday Norges Bank shared the results of the fourth phase of its central bank digital currency (CBDC) experiments. It doesn’t believe there is currently a need for a retail CBDC but clarified which conditions might trigger a decision. Given that tokenized deposits could provide an alternative to a retail CBDC, it will now explore a wholesale CBDC, for interbank settlement of tokenized deposits.
The fifth phase will run until the end of 2025 when the central bank management will have the tools to decide whether or not to proceed to launch a CBDC.
Deliverables for stage 5 include:
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