The Norwegian central bank has recognized MiCA and is considering CBDC to achieve financial stability

ChainCatcher news, according to Cointelegraph, the central bank of Norway, Norges Bank, has recognized the European Union's Markets in Crypto-Assets Regulation (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC).

Kjetil Watne, the project director of Norges Bank's CBDC project, stated that Norway, as a member of the European Economic Area (EEA), welcomes the MiCA framework. However, he noted that the bank is still considering "whether additional regulation is needed to promote financial stability." Norges Bank has "not yet decided" whether to issue a CBDC and is assessing how to "mitigate regulatory gaps associated with decentralized finance."