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"The future of the financial industry is built on blockchain technology," said NBX CEO Stig Kjos-Mathisen.
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Norway News
The Kingdom of Norway is a unitary country in the Scandinavian Peninsula and several islands with an area on 385 thousand kilometers and a population of 5.3 million people. Norway is one of the wealthiest countries in the world in terms of income per capita. It is also high in such indexes as democracy, happiness and education. Most Norwegian exports are based on petroleum, but also include agriculture, heavy machinery and chemical products. Cryptocurrencies are legal in Norway and the taxation system of Norway applies to Bitcoin. Bitcoin profits are a subject of wealth tax and usage of Bitcoin is performed under sales tax regulations. Bitcoin’s definition in Norway is an asset and not any type of money. High technological development and the liberal market of the country made Norway a blockchain startup-welcoming place.
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Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering.
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Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property.
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The Norwegian central bank aims to find a preferred CBDC solution through new technical tests.
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"Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right," said Marius Johansen.
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Norwegian billionaire investor Øystein Stray Spetalen made a 180° reversal in his opinions about cryptocurrency this month and now part-owns domestic crypto exchange MiraiEx.
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Aker ASA has created a new subsidiary to hold Bitcoin on its balance sheet and invest in other companies in the crypto space.
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Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.
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The crypto mining firm's 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.
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Craig Wright's legal counsel has refuted claims from Hodlnaut on Twitter.
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Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry.
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Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020.
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Norwegian Police suspect millionaire Tom Hagen murdered his missing wife, which calls into question ‘$10M in Monero’ ransom note.
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The Bitcoin codebase is to be preserved under the Arctic ice of Svalbard for 1,000 years as part of the GitHub Archive Program.
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Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.
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