Bitcoin Needs a Boost in Norway, Europe as Crypto Exchange Loses to Bank

stayeduptolate

hero member

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Quote from: Divinityxd on May 05, 2018, 10:15:16 AM

On one side, countries like Singapore, Switzerland, and Malta are trying to win the race of becoming a crypto hub while on the other side countries like China, India and Iran are banning the cryptocurrencies.

The newest addition to the list is Norway. Bitmynt AS, a Norwegian cryptocurrency exchange lost the case against Nordea, which is a Scandinavian financial services group. On May 4, the ruling for the case where Nordea was sued by Bitmynt for closing the account of the exchange was concluded.

Continue reading: https://coingape.com/bitcoin-today-needs-a-boost-in-norway/

There are lots of controversy are going over bitcoin . There are only fewer countries that wants bitcoin to become the mode of transactions in their country and to become a central currency and wants to legalise it and as you stated that fewer countries has even legalised bitcoin in their nation but I guess there are about 11 countries who are completely in against of bitcoin and do not find it reliable enough to legalise in their nation because they believe that with the help of bitcoin all the illegal activities are carried out successfully and this is the biggest reason why they do not want to legalise bitcoin in their nation.

Msile

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Sturle Sunde had paid over $100k out of his own pocket to fight this case against the deep pocketed bank Nordea. Banks are private centralized corperations, they can make up any rule. Sad News for crypto traders.

amishmanish

legendary

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Banking originated in it's present form mostly in Europe. It is the hub of major banking powers of the world and they are the ones set to lose the most if cryptocurrency like bitcoin reaches mass adoption and popularity.
It is no surprise that they will counter it with every thing they have and at every excuse they get for an attack.

Although it is surprising that a country like Norway with it's cold Northern climate so suitable for mining would also be regressive toward crytpocurrencies. I am sure there are a lot of Norwegiians mining some bitcoins in that cold climate.

stompix

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Blackjack.fun

It is not Norway's fault, nor the Norwegian's government.
The one that didn't respect the rules was the exchange, it's even in the article:

Quote

Bitmynt’s account was closed due to inadequate anti-money laundering measures

Not only that but, the article end up with a pretty weird interpretation:

Quote

Norway needs to introduce measures like Australia’s recent AML/CTF Rules.

Since all you do on this forum is posting articles from coingape, I'll assume this is your blog, and give you one piece of advice, for free.
Start writing articles that make sense!!!!

Divinityxd

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Activity: 140

Merit: 1

On one side, countries like Singapore, Switzerland, and Malta are trying to win the race of becoming a crypto hub while on the other side countries like China, India and Iran are banning the cryptocurrencies.

The newest addition to the list is Norway. Bitmynt AS, a Norwegian cryptocurrency exchange lost the case against Nordea, which is a Scandinavian financial services group. On May 4, the ruling for the case where Nordea was sued by Bitmynt for closing the account of the exchange was concluded.

Continue reading: https://coingape.com/bitcoin-today-needs-a-boost-in-norway/

Topic: Bitcoin Needs a Boost in Norway, Europe as Crypto Exchange Loses to Bank (Read 151 times)