Norway's central bank, Norges Bank, has endorsed the European Union's Crypto Asset Market Supervisory Authority (MiCA) as the country evaluates the possibility of adopting a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank's CBDC project, said Norway, as a member of the European Economic Area (EEA), welcomed the MiCA framework. However, he noted that the bank was still considering "whether additional regulation is needed to promote financial stability". Norges Bank has "not yet decided" whether to issue a CBDC and is evaluating how to "mitigate the regulatory loopholes associated with decentralized finance".