While many countries are rushing to adopt central bank digital currencies (CBDCs), Norway is taking its time. A government committee has advised politicians to hold off on introducing a digital currency, even as cash use continues to decline. The group, in its report to Finance Minister Trygve Slagsvold Vedum, suggested that while there’s no immediate need for a CBDC, it’s wise to start working on the rules and regulations in case it becomes necessary in the future. They also note that cash still plays an important role in making payments safe and accessible for everyone. Norway’s careful approach shows a focus on balancing planning for the future while keeping current systems secure.
