According to Foresight News, Norges Bank (Norway's central bank) said in a report that authorities should consider developing a national strategy to regulate the crypto asset market. Regulations for the crypto asset market are being developed and formulated globally, but it is uncertain how long it will take. Norwegian authorities should evaluate whether to proceed faster rather than waiting for an international regulatory solution. In addition, Norges Bank is stepping up its work on central bank digital currency (CBDC).