Bitcoins Norway Now Allows Deposits through DNB Bank’s Payment App
The payments application, Vipps extends its support to Bitcoins Norway cryptocurrency platform enabling users to purchase digital currency. The “Land of Midnight Sun”, Norway has stepped ahead of many countries when it comes to Bitcoin adoption. According to a user on Reddit and the Bitcoins Norway website, people in the country can now buy Bitcoin directly through Vipps Payment Application. Vipps is one of the widely-used payments application in the country. The platform operated by DNB ASA — Norway’s largest financial services group now allows people to pay for their Bitcoin purchase on....
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Norway’s largest bank DNB ASA, simply known as DNB, introduced a new feature on its app called Vipps, which enables anyone in the country to pay businesses with credit cards or bank accounts. The app, which operates like PayPal, can be used to send payments to anyone in the region by simply entering a mobile number, email address or a username. Norwegians can now purchase Bitcoin with credit or debit cards through Bitcoins Norway, without any excessive user verification and authentication. How to purchase Bitcoin in Norway? Bitcoins Norway, a prominent Norwegian Bitcoin exchange, has....
A 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 and voted against a draft law banning the minting of digital currencies based on the proof-of-work concept. The legislation, which was proposed by the communist Red Party in March, was supported only by two other leftist parties, SV....
European bitcoin exchange CEX.IO has announced a milestone of over $40 million in fiat currency deposits via payment cards. The figure underlines users’ preference of purchasing bitcoins with credit and payment cards over other conventional methods. London-based CEX.IO has announced that it has seen over $40 million in fiat currency deposits made toward its exchange for buying bitcoins from credit cards. In an emailed release to CCN, the European bitcoin exchange was among the earliest ones to add payment cards as a means to deposit funds. VISA and Mastercard payment cards are the most....
Norway’s largest bank DNB proposes to stop using cash as a means of payment in the country. According to the DNB bank’s executive Trond Bentestuen, more that half of all cash transfers in the country are made without the banks’ control, and so could be used for illegal purposes. He commented to local news media outlet VG.no: “Today, there is approximately 50 billion kroner in circulation and [the country’s central bank] Norges Bank can only account for 40 percent of its use. That means that 60 percent of money usage is outside of any control. We believe that is due to under-the-table money....
Here are some great news for you if you are concerned of the future to Bitcoin and other cryptocurrencies. Norway's Tax Administration has just announced that Bitcoin losses are tax deductible which means that if you do lose on your Bitcoin investments, you can get your money back by deducting your losses from the taxes you were supposed to pay. Here is an excerpt in Norwegian: Skattedirektoratet mener at det skal betales gevinstskatt på 28 prosent for bitcoins. Tilsvarende er tap fradragsberettiget. They have also said that they have began claiming tax on any Bitcoin profits. This is good....