- The Scandinavian nation has been working on CBDC since 2016.
- Major banks in the country have refused cash payments.
- Norway, along with Israel and Sweden, to be a part of Project Icebreaker in late 2022.
Every country worldwide is trying to implement its Central Bank Digital Currency (CBDC) as a mode to adopt cryptocurrency. The Scandinavian nation Norway is also entering the race. However, the small Nordic country does not stand tall in the list of global crypto providers, even with its 22 blockchain solution providers. The country has been working on its CBDC since 2016.
Source: https://www.thecoinrepublic.com/2023/01/22/norway-going-cashless-with-cbdc/