Governments are beginning to take a stance on Bitcoin, the latest being Norway, where the director general of taxation has said that the crypto-currency “doesn’t fall under the usual definition of money or currency”.
Two Takes
View TECHi Stance
Norway rejects Bitcoin as a legitimate currency, will treat savings as taxable assets
Bloomberg
View all Bloomberg Two Takes by TECHi
Read the original story
Published December 16, 2013
TECHi's Take
Bitcoins were dealt a blow in Norway as the government of Scandinavia’s richest nation said the virtual currency doesn’t qualify as real money. “Bitcoins don’t fall under the usual definition of money or currency,” Hans Christian Holte, director general of taxation in Norway, said in an interview. “We’ve done some assessments on what’s the right and sound way to handle this in the tax system.”
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
Balanced Perspective
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
More Two Takes from Bloomberg
Bitcoin has dipped below the $100,000 mark for the first time since June, falling more than 20% from its recent…
The recent drop of Bitcoin below the $100,000 mark is more than just a routine market shakeup. It highlights how…
Machine-Learning, (Home) Automation, Robotics, and Space Exploration. Those four areas were the focus of the MARS conference that Amazon hosted at…
Almost every aspect of Apple's hardware is designed in-house, but the actual manufacturing of its hardware is handled by other…