Bitcoin Forum

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Horse ....

A sensible pragmatic answer. The big question still unanswered: How can a government and issuer of a national currency tolerate a public global easy store of wealth? That's maybe the "
I will monitor developments" part?

More or less the same position as Denmark; wait for the EU to rule!

lol EU to rule, they have no jurisdiction and must contact the CCCB before contemplating anything, and yes Ive already got the wheels rolling in this reguard for contacting them as well, and as president I will be reporting everything in a transparent fashion on this forum.

the Norwegian finance minister can say what ever he wants in an off the record way lol

This statement is very much official to the best of my knowledge.

You're the president of Norway?

FYI Norway is not part of EU, rather this: http://en.wikipedia.org/wiki/European_Free_Trade_Association

I was wondering the same, if he was president and in which universe.  :D

And the EU doesn't have much to say in Norway indeed, they can ask things nicely but that's about it.

Being obsessed with Bitcoins makes you a megalomaniac when the exchange rate goes up?

I live in Norway. In practise, what EU decides, that how it becomes in Norway.

Norway is part of EEA:

http://en.wikipedia.org/wiki/European_Economic_Area

Link to statement from Danish politicians??

No official political position exists but Fimp has approached "Finanstilsynet" twice, which in practice hold the same position as our government on monetary decisions and they waited for the EU to rule on Bitcoin.

Here, the minister says that you do not need to follow money laundering regulations if you buy and sell bitcoins! But he also adds that facilitating money laundering is illegal. But that a trader does not have to live up to some bureaucratic money laundering statements is pretty significant. And the guy asking the question (from FrP), unerstands the implications of bitcoins.

Translated: What consequences does the [Norwegian] government think that digital currencies will have for taxation, crime enforcement, and [political] economic control? (sic!)

The finance minister answers that bitcoins will only become a serious competitor in places where the local (government fiat) currency is destroyed through money printing.

Any info on what EU is expected to rule or any time line on them ruling?

I guess that Norway is a member of FinCen? Then money launder rules apply to investigate bank transfers to and from Bitcoin on suspicion.

A guy buying a lot of coins from a money changer could trigger a request for the wallet address the coins are transfered to. The police and public prosecutor alone decides which information is relevant for an investigation of a suspected crime!

I can't really see how Bitcoin is excepted after the FinCen recommendation from the 18'th of March.

Am I wrong?

No, but the are working on Bitcoin for sure right now!

FinCen is an American federal anti-money laundering agency. Norwegians are not subject to their decisions.

No, you're right. Norway is the part of Texas where Ice Bears walk in the streets.

;D
It is called polar bears, though  :P

Damed, I'm not American, I was in Voss off season 4 years ago on vacation.

My point is that banking rules are harmonized internationally to avoid loopholes. The fact that Bitcoin is exempted in Norwegian law, might not mean a lot if a call is made?

UPDATE:
Irish finance minister - statement about Bitcoin

'We want no Brits here. Britcoins are not welcome now and never shall be. They are an offence to all our brothers who fought valiantly in for Republican freedom in Easter 1916.

Oh, BITcoins..... Sorry, my bad. Wait, same answer. An offence to Irish Republicanism.'

source: http://www.irishtimes.com/business/sectors/technology/bitcoin-im-only-titting-about-1.1361048