Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Bitcoin Rejected by Norway As Well

The virtual and digital currency known as Bitcoin was recently rejected by Norway as well. Norway happens to be the wealthiest country among the Scandinavian nations. It is among a long list of other nations such as China and Germany which have shown apprehension regarding the cyberspace currency.

Dec 16 2013, 10:47am CST | by

6 Updates
Bitcoin Rejected by Norway As Well
Photo Credit: Getty Images
 
 

YouTube Videos Comments

Full Story

Bitcoin Rejected by Norway As Well

China recently banned all dealing in Bitcoins on Chinese soil. A new addition to the roster of scoffers is Norway. The government of Norway has declared that Bitcoin is not a natural form of legal tender. It is said to spurn all forms of categorization as monetary means. And the fact that anything is possible in cyberspace makes it a high risk venture that has raised alarm bells among the economies of the global village. 

The Norwegian Director General of Taxation especially had harsh words to say about Bitcoin. “Bitcoins don’t fall under the usual definition of money or currency,” Hans Christian Holte, director general of taxation in Norway, said in an interview. “We’ve done some assessments on what’s the right and sound way to handle this in the tax system.” There was something that was just not right about the imaginary currency that ruled the roost on the Netscape.

The changes that Norway will make in its attitude towards Bitcoin may leave several individuals who had invested in it high and dry. One of these is Kristoffer Koch whose shares are worth $886,000. However, he may find loopholes in the law which will allow him to keep his hard-earned money. 

Germany, France and even the United States have jumped on the bandwagon of blaming Bitcoin. It seems much of its reputation as a form of speculative quicksand is undeserved. But in today’s world hucksters are selling silence CDs which contain not a sound, and renting out land on the moon to gullible people. Therefore you have to be careful lest as a country your economy goes down due to a financial entity that is a figment of cyberspace. 

Source: Bloomberg

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 6

Banksy, Bitcoin, And The Winklevoss Twins: An Online Art World Love Story

Source: Fast Company

SPAIN-ART-SCUPTURE-GUGGENHEIM-OLDENBURG
Cameron and Tyler Winklevoss are backing online auction house Paddle8--and peddling Banksy, Claes Oldenburg, and Andy Warhol this week.Somewhere Andy Warhol is smilin ...
Source: Fast Company   Full article at: Fast Company 23 hours ago, 10:30am CDT
 


Advertisement


Update: 5

Facebook Takes Down Greek Bitcoin-Stealing Botnet That Hit 250,000 Computers

Source: IBTimes UK

Creative Industries Council Launches Create UK
Facebook has managed to scuttle the Lecpetex botnet and get two Greek hackers arrested. ...
Source: IBTimes UK   Full article at: IBTimes UK Jul 9 2014, 6:47am CDT
 

More From the Web

Update: 4

Cryptocurrency News Round-Up: PayPal-Bitcoin 'Coming Soon'; Dogecoin Facebook Tips & Supercomputer Mining

Source: IBTimes UK

Las Vegas Casino Installs Bitcoin ATM
eBay CEO claims PayPal bitcoin integration is imminent, while a government worker is caught mining on a supercompu ...
Source: IBTimes UK   Full article at: IBTimes UK Jun 6 2014, 5:39am CDT
 

Update: 2

Shouldn't they have bought a duplex? Winklevoss twins splash out $14.5million on Soho penthouse featured on Bravo's Million Dollar Listing New York

Source: Daily Mail

2014 Annual Garden Brunch
Bitcoin investors Cameron and Tyler Winklevoss have paid $14.5 million in cash for the triplex which features stunning 360-degree views o ...
Source: Daily Mail  Full article at: Daily Mail Jun 3 2014, 12:03pm CDT
 

Update: 1

Marc Andreessen in bitcoin for the long run

Source: CNBC

Las Vegas Casino Installs Bitcoin ATM
Bitcoin believer and Silicon Valley pioneer Marc Andreessen explains why he's betting on ...
Source: CNBC   Full article at: CNBC May 27 2014, 5:31pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

The U.S. Postal Service Thinks 3D Printing Can Save It
The U.S. Postal Service Thinks 3D Printing Can Save It
…though many would predict just the opposite. It’s easy to imagine how 3D printing could obliterate the need for package deliveries – that’s one of the basic selling points of 3D printers. If you want something, you...
 
 
Naya Rivera weds Ryan Dorsey
Naya Rivera weds Ryan Dorsey
Naya Rivera married her new boyfriend and friend of 4-years Ryan Dorsey just three months after her split from fiance Big Sean. The couple got married on July 19 in Mexico.
 
 
Weird Al sits down with Larry King
Weird Al sits down with Larry King
Weird Al Yankovic is back big time. His new album is under the top 10 in iTunes.
 
 
Tim Cook is hopeful regarding iPad Sales
Tim Cook is hopeful regarding iPad Sales
Tim Cook recently spoke in an interview about how he was hopeful regarding the popularity of the iPad.
 
 
 

About the Geek Mind


Read more about The Geek Mind.