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.
63% of Europeans are confident that crypto will still exist in 10 years, according to a survey from bitFlyer.
63% of Europeans Say That Crypto Will Exist in 10 Years, But Only 49% Believe in Bitcoin
Liberstad has adopted a cryptocurrency native to its blockchain-powered smart city platform.
Norway: Anarcho-Capitalist Smart City Adopts Crypto as Sole Recognized Medium of Exchange
The Android version of major web browser Opera now integrates a function that lets its users purchase Ethereum.
Opera Android Users in Sweden, Norway and Denmark Can Now Purchase Ethereum via Browser
Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal.
US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users
Norway has struck a blow to its domestic crypto mining industry by acting to end electricity subsidies for BTC mining facilities.
Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms
Den Norske Bank has signed a memorandum of understanding with IOTA to explore possible use cases of distributed ledger technology.
Norway’s Largest Bank to Explore Applications for IOTA’s Distributed Ledger Technology
Norway’s central bank considers introducing its own cryptocurrency to “ensure confidence in money and the monetary system.”
Norway Central Bank Considers Developing Digital Currency