Norway’s central bank, Norges Bank, is considering developing its own digital currency as a supplement to cash to “ensure confidence in money and the monetary system”, according to a working paper May 18. The report, prepared by a Norges Bank working group, investigates aspects they believe should be considered when assessing the issuance of a central bank digital currency (CBDC). The authors emphasize at least three possible CDBC applications: the introduction of a reliable alternative to deposits in private banks, a suitable legal tender as a supplement to cash, and an independent backup solution for electronic payment systems. Norges Bank Governor Øystein Olsen wrote: “A decline in cash usage has prompted us to think about whether at some future date a number of new attributes that are important for ensuring an efficient and robust payment system and confidence in the monetary system will be needed.” The report states that a CBDC could provide customers with an alternative means to store assets. According to Norges bank, the foundation of a CBDC must also not interfere with the ability of the bank and other financial institutions to provide credit. Norges Bank will reportedly continue to issue cash as long as there is demand for it. The working group has only completed the initial phase of studying a potential CBDC, stating: “It is too early to conclude whether Norges Bank should take the initiative in introducing a CBDC. The impacts of a CBDC – and the socio-economic cost-benefit analysis – will depend on the specific design. The design, in turn, will depend on the purpose of introducing a CBDC.” Other countries in Europe have also begun to consider issuing a digital currency through their central bank. Similar to Norway, Sweden’s Riksbank is considering an e-krona as a result of declining cash circulation. Yesterday, Cointelegraph reported that the Swiss Federal Council has requested a study on a state-backed digital currency examining the risks and opportunities of its introduction. Now, the lower house of the Swiss parliament has to decide whether to support the Federal Council’s request for research.
3 1740 minutes ago
Here you can see 30+ pips were made today! 💸 If you want to make money in the forex market then you can copy the exact trades I am taking and profit as well. Hurry up and make a change for yourself now! Get started by clicking the link in my bio. You may also message me to learn more! 📩
2 540 minutes ago
Our last trade is up 10%. Get 3 months access to our VIP Telegram for $99. Click link in bio. Offer ends next Saturday.
If you are interested in investing in altcoins then you need to be focused on the long-term investments in the coins you believe offer quite a bit of potential and that have good overall health.
0 2an hour ago
MAY 18, 2018 By Molly Jane Zuckerman Switzerland First in Ranking of Top 10 Most Blockchain-Friendly Countries in Europe 19214 Total views 429 Total shares Switzerland First in Ranking of Top 10 Most Blockchain-Friendly Countries in EuropeNEWS Switzerland is ranked number one in a list of the top ten European countries for starting a blockchain company, according to a study released by blockchain conference BlockShow Europe 2018. In the list of best countries for starting a blockchain company, Gibraltar and Malta follow Switzerland in second and third respectively. The study consisted of 48 European countries that were examined for rankings by Initial Coin Offering (ICO) regulations, regulations on crypto as a payment service, and taxation frameworks for crypto.
HTC Exodus - A Blockchain Phone. Would you trust to yourself to carry around your cold storage device everywhere you went? Check out our latest article by clicking the link in our bio as we give a brief overview of what having a phone powered by blockchain technology can mean to society!
🌏tronfoundation @ medium.com: In order to make TRON more visible to TRONICS, TRON Foundation decide to share the psd material of TRON related products, including handbag, T shirt, hat, TRX commemorative coin, Notebook,U disk etc. TRONICS can make the products according to the size, we expect to see more TRON related products coming out.