Hive said it would likely not be able to meet the development conditions for the project without tax relief on electricity.
The bank said the motivation for research into CBDCs remains strong as many other central banks around the world are carrying out similar experiments.
Owned by billionaire Kjell Inge Roekke, the firm's new investment entity, Seetee, is going all in on bitcoin.
The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.
Norwegian Air would accept cryptocurrency payments via crypto exchange NBX.
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.
Business magnate Bjørn Kjos and his family have reportedly set up a crypto exchange and plan to offer bitcoin payments at Norwegian Air Shuttle.
The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.
Norges Bank has released a report suggesting it might one day launch a digital currency as citizens continue to turn away from physical money.
Swedish bitcoin exchange Safello is back on the radar, announcing credit card payments across the EU and other plans for growth.
An internet-only bank based in Norway has integrated with digital currency exchange startup Coinbase.
Norway’s central bank is in the early stages of researching a digital currency, one of its senior officials said last week.
Norway's financial institutions are set to meet to discuss blockchain technology, a note from a major private banking standards body reveals.
Norwegian cryptocurrency exchange Justcoin will resume operations next week under new management.
If bitcoin exchanges become threatened out of existence, price discovery will still find a way.