Norwegian Central Bank Urges Regulators to Develop Independent Crypto Regulations

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Norway's central bank has called on regulators to consider implementing their own regulations for the country's crypto industry. The bank believes that an independent regulatory framework is necessary until the European Union's regulatory framework is in place.

The bank's report highlights the importance of assessing the risks associated with decentralized finance products and potentially proceeding more quickly than waiting for international regulatory solutions.

The Norwegian authorities will now assess whether to proceed with independent regulations, with the central bank contributing to assessments and regulation that promotes responsible innovation.


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