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.
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.
Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says
The crypto mining firm's 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.
Bitfury forms MaaS partnership to upgrade $35M Norway data center
Craig Wright's legal counsel has refuted claims from Hodlnaut on Twitter.
Craig Wright Won't Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel
Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry.
Norwegian Salmon Exporter Fights Food Fraud With Blockchain
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.
Europe’s Crypto Believers on the Rise Amid COVID-19 Crisis, bitFlyer Says
Norwegian Police suspect millionaire Tom Hagen murdered his missing wife, which calls into question ‘$10M in Monero’ ransom note.
Millionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap Case
The Bitcoin codebase is to be preserved under the Arctic ice of Svalbard for 1,000 years as part of the GitHub Archive Program.
Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice