News list for "Norges Bank"
Norway's central bank said there is no need to launch a central bank digital currency (CBDC) at this time, an assessment that reinforces the Nordic countries' traditionally conservative stance in the field. The conclusion caps the central bank's CBDC research over the past few years. Although Norway has one of the lowest cash usage rates in the world, adding to the urgency of the discussion, the central bank has decided to hold off on the issuance of CBDCs.
According to The Block, Geoffrey Kendrick, head of digital asset research at Standard Chartered, said that Norges Bank Investment Management (NBIM) increased its bitcoin-related asset holdings from 6,200 BTC equivalents to 11,400 in the second quarter, an increase of 83%. The fund mainly gained bitcoin exposure by increasing its holdings in MicroStrategy (MSTR) shares, while slightly increasing its holdings in Metaplanet. MicroStrategy currently holds 628,900 BTC and Metaplanet 18,100. Kendrick ...
Norway's central bank investment manager's indirect bitcoin exposure has reached a record high of 7,161 bitcoins, in a sign that the world's largest sovereign wealth fund is finding its way into diversified portfolios every time it reveals its holdings.
