Norway: Bitcoin is Not Real Money

But says that the cryptocurrency can be subject of capital gains tax


Governments worldwide are trying to solidify their positions on Bitcoin. Chinese regulators banned financial institutions from using Bitcoin earlier this month, while in July, Thailand's government declared the virtual currency's use illegal due to a lack of applicable laws. Now Bitcoin has taken another hit to its legitimacy: Norway — Scandinavia's richest nation — has said that the currency doesn't qualify as real money.

(H/T Charles WT)

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  1. One can appreciate the nomadic/bohemian/individualist ideal of Bitcoins. And Bitcoin is likely far ahead of its time due to the fact that it offers disconnection from central power and planning. Unfortunately, there is no current political system that can afford to allow its property called humanity to disconnect on such a crucial apex to government control, namely financial.

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