Norway’s Central Bank is Researching Anonymous Digital Currency

Norway’s central bank is in the early stages of researching the issuance of a digital currency.

Appearing at the Norwegian Academy of Science and Letters on 25th April, Jon Nicolaisen, Norges Bank’s deputy governor, spoke in part about the differences between money held in banks today and the proliferation of digital currencies, casting the central bank’s research in this area against the backdrop of a world in which bitcoin and other cryptocurrencies have found broader use.

Particularly attractive for some users, he said, are the peer-to-peer and identity-obfuscating aspects that mirror cash – something that “new payment solutions may be able to offer” in the future.

Nicolaisen went on to say:

“Private digital currencies providing anonymity are already on the market. These currencies can also be used even if banks’ systems fail – as long as the Internet is still functioning.”

It’s these characteristics, he said, that have led Norges Bank to consider new options. Among those possibilities: the issuance of a digital currency through which consumers could hold an account at the central bank. Another proposal, Nicolaisen said, is the introduction of an app that would enable anonymous, cash-like payments.

Norges Bank is far from alone in exploring this area,

Read more ... source: CoinDesk

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