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Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency MinersThe Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway Seeks to Save Power, […]

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Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum TechnologyA crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on […]

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Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament

Proposed Crypto Mining Ban in Norway Fails to Gain Support in ParliamentA push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered […]

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Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language

Binance Discontinues Support for Norwegian Krone Pairs, Payments and LanguageCryptocurrency exchange Binance is discontinuing certain offerings in Norway. The news comes amid regulatory pressure around the world which the global trading platform is working to address. The company is also dropping Norwegian from its website’s language options. Crypto Exchange Binance Suspends Product and Service Offerings in Norway Binance, the world’s leading digital asset exchange […]

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Norwegian Financial Regulator Cautions About Bitcoin Investing as Price Tumbles

Norwegian Financial Regulator Cautions About Bitcoin Investing as Price TumblesThe Financial Supervisory Authority of Norway (Finanstilsynet) has cautioned investors about investing in cryptocurrencies as the price of bitcoin plunged Tuesday. “There is a strong need for a legal framework and investor protection if cryptocurrency is to be able to become a suitable form of investment for consumers,” the regulator’s consumer coordinator wrote. Norway’s Financial […]

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