Norway Rejects Bitcoin As Currency; Taxes As Asset, Instead

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An anonymous reader writes “Norway is the latest country to consider the legal implications of cryptocurrencies like Bitcoin. Norway’s director general of taxation has come out and said ‘[Bitcoin] doesn’t fall under the usual definition of money, ‘ which means that it will be considered as assets and charged under capital gains laws. This sentiment was echoed last week by the European banking authority as well, where citizens were warned of using the cyrptocurrency.” Read more of this story at Slashdot.

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Norway Rejects Bitcoin As Currency; Taxes As Asset, Instead

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