Payment security must improve, Norges Bank warns
Norwegian central bank says it will decide on design of new settlement system by 2025
Norway’s payment system needs to be upgraded to respond to growing cyber security threats, the central bank warned today (May 25).
Norges Bank also said it will decide on the design of the next-generation settlement system by the end of 2025.
It will assess and test various models for a central bank digital currency (CBDC) until 2025. In the same period, it will also decide the design of its next generation settlement system, its latest financial infrastructure report said.
“Risks
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