Author

Topic: [2014-01-20] - Bitcoin Judged Commodity in Finland After Failing Money Test (Read 686 times)

full member
Activity: 238
Merit: 100
Finland jumping into the "what is Bitcoin?" group.

http://www.bloomberg.com/news/2014-01-19/bitcoin-becomes-commodity-in-finland-after-failing-currency-test.html

Quote
“Considering the definition of an official currency as set out in law, it’s not that. It’s also not a payment instrument, because the law stipulates that a payment instrument must have an issuer responsible for its operation,” Paeivi Heikkinen, head of oversight at the Bank of Finland in Helsinki, said in a Jan. 16 phone interview. “At this stage it’s more comparable to a commodity.”
Jump to: