Norway introduces new legislation for data centers
Norway has pioneered employing a setting for data center execution. The initiative will first cover all data centers in the country by compulsorily registering individuals and organizations, especially those involved in governance and offering online servers. They must provide details about ownership, leadership, and their services. Norway will become the first European country to establish […]
AI-Assisted Diagnosis Revolutionizes Breast Cancer Screening in Norway
In a transformative leap towards the future of healthcare, the Norwegian Centre for E-health Research is spearheading a pioneering initiative that employs Artificial Intelligence (AI) to revolutionize breast cancer diagnosis. With an annual screening volume of 250,000 women and a resulting dataset of 1 million images, the aim is not only to enhance the accuracy […]
BitPanda takes over Norway – Who’s next in Europe?
Europe is witnessing an intriguing move as Vienna’s BitPanda, one of its prime crypto exchanges, secures a foothold in Norway, reinforcing its burgeoning presence across the continent. Navigating Europe’s Crypto Landscape BitPanda’s Norwegian venture comes as the latest feather in their cap, having previously secured licenses in key European nations, including Austria, Germany, France, Czechia, […]
Norway central bank hikes rate to 4% to combat high inflation
The Norway central bank announced its decision to increase the primary interest rate by twenty-five basis points in response to elevated inflation on Thursday. This move by Norges Bank takes the rate to 4%, a threshold not seen since 2008. The central bank pointed out that despite a slight decrease, inflation, which soared to 5.4% […]
Norway’s central bank proposes strengthened payment systems and national crypto regulation strategy
Norges Bank, Norway’s central bank, released the 2023 Financial Infrastructure Report and Retail Payment Services 2022, spotlighting the need to enhance and fortify the payment system’s contingency arrangements. The effort aims to ensure the Norwegian public’s ability to continue making secure and efficient payments in the future. With cyber threats escalating and diversifying, maintaining a […]
What the Norway crypto adoption survey 2023 tells us
A recent survey on crypto adoption in Norway reveals a decline in the number of Norwegian adults owning cryptocurrencies, from 10% to 8% in 2023. The survey, conducted by EY and K33 Research, also highlights significant demographic differences in crypto ownership and provides insights into the future adoption of digital assets in the country. The […]
Norway backs Sweden’s move to ban Proof-of-Work crypto mining
TL;DR Breakdown Norway supports Sweden’s proposal to place measures against crypto mining. The state plans to streamline digital assets. Power consumption is getting out of hand. Norway wants to limit the mining of digital assets through the new Swedish scheme. They intend to solve the arising concerns around carbon footprint. The Norwegian politician for the […]
Norges Bank uninterested in launching a CBDC
The deputy governor at Norway’s central bank, the Norges Bank, stated that there is no immediate need to launch a central bank digital currency. Speaking at the Finance Payments Conference, Ida Wolden Bache said that there is no urgent need to launch a digital version of the krone, the national currency of Norway. The decline […]
