# Norway News

Norway’s first private city, Liberstad, aims to focus on the individual rather than government, and will be utilizing a cryptocurrency called “City Coin” for its residents to encourage efficiency and transparency. This is the first cryptocurrency to ever be adopted by a “smart city," per a press release published February...

According to a report published by Norway’s largest distributed newspaper Aftenposten, November 21, 2018, the Scandinavian country’s government has decided to do away with electricity subsidy provided to bitcoin mining entities. Bitcoin Mining Haven No More Subsidized electricity rates in the country made it an attractive destination for cryptocurrency miners the world over...

Prompted by the decline in cash usage, Norges Bank, a central financial institution of Norway, is looking forward to developing its own cryptocurrency. As per Norges Bank’s recent report, dubbed the “Central Bank Digital Currency”(CBDC), plans to act as an alternative to fiat currency to “ensure confidence in money and...

Over 100 individuals have purchased plots of land in the "private city" of Liberstad, Southern Norway. The libertarian enclave announced the sale of land for bitcoin in August 2017. Arrangements have been made as of now with future inhabitants from Brazil, Sweden, and the UK, among different nations. Its organizers...

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...