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Tag: Norway

Bitcoin Friendly Norway Welcomes Bitfury with Open Arms

Category: Bitcoin, Business, Mining, News

Bitcoin Friendly Norway Welcomes Bitfury with Open Arms

At a time when some world powers are are doing everything to make bitcoin mining as unprofitable as possible by charging miners outrageous electricity bills, Norway has left its doors wide open for all Hodlers to troop enter. Now, Bitfury is establishing a multimillion-dollar bitcoin mining datacenter in the crypto friendly nation. Bitfury’s Expansion Bitfury, the U.S.-based full-service blockchain company…

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Liberstad: Norway’s First Private City Where You Can Pay Using Bitcoin

Category: Bitcoin, News

Liberstad: Norway’s First Private City Where You Can Pay Using Bitcoin

A non-profit organization, Liberstad Drift AS, has launched a tax-free private city named Liberstad. Located in Tjelland, which is part of the Municipality of Marnardal in rural Norway, the city is based on Libertarian principles and highly encourages the use of bitcoin and other cryptocurrencies. Liberstad Drift AS is composed of a small team headed by John Toralf Holmesland. The…

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Moving Toward a Cashless Society: Norway’s Two Largest Banks Abandon Cash

Category: News, Regulation

Moving Toward a Cashless Society: Norway’s Two Largest Banks Abandon Cash

Norway’s largest bank, DNB, has suggested that the Ministry of Finance ban the circulation of cash, as a part of the nation’s major initiative to reduce black market sales and financial crimes like money laundering and fraud. “Today, there is approximately 50 billion kroner in circulation and [the country’s central bank] Norges Bank can only account for 40 percent of…

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