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Author Topic: Norwegian finance minister - statement about Bitcoin  (Read 2081 times)
Herodes
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April 22, 2013, 01:30:21 PM
 #1

http://translate.google.com/translate?hl=no&sl=no&tl=en&u=http%3A%2F%2Fwww.stortinget.no%2Fno%2FSaker-og-publikasjoner%2FSporsmal%2FSkriftlige-sporsmal-og-svar%2FSkriftlig-sporsmal%2F%3Fqid%3D57052
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April 22, 2013, 01:49:28 PM
 #2

Horse ....

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April 22, 2013, 01:53:09 PM
 #3


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!


 
 
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Bitcoinpro
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April 22, 2013, 02:57:49 PM
 #4

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

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Herodes
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April 22, 2013, 03:16:17 PM
 #5

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.
Matthew N. Wright
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April 22, 2013, 03:17:45 PM
 #6

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.

You're the president of Norway?

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April 22, 2013, 03:24:10 PM
 #7

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

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 22, 2013, 03:30:21 PM
 #8

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.

You're the president of Norway?

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

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

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April 22, 2013, 03:32:44 PM
 #9

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


 
 
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Herodes
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April 22, 2013, 03:35:23 PM
 #10

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

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
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April 22, 2013, 03:40:41 PM
 #11


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!
Link to statement from Danish politicians??

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April 22, 2013, 03:44:43 PM
 #12


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!
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.


 
 
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April 22, 2013, 03:46:14 PM
 #13

Quote
Handel med Bitcoins er i utgangspunktet ikke rapporteringspliktig etter hvitvaskingsloven, men rapporteringspliktige foretak vil være forpliktet til også å rapportere om Bitcoin-transaksjoner. Jeg påpeker imidlertid at medvirkning til hvitvasking er straffbart etter straffeloven § 317 uavhengig av hvilke offentligrettslige reguleringer som gjelder for virksomheten.
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.

Quote from: Ketil Solvik-Olsen (FrP)
Hvordan vurderer regjeringen inntreden av digitale valutaers konsekvenser for skatteinnkreving, kriminalitetsbekjempelse og økonomisk styring?
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.

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April 22, 2013, 03:56:07 PM
 #14


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

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April 22, 2013, 04:02:51 PM
 #15

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?


 
 
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Luno
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April 22, 2013, 04:06:12 PM
 #16


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

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


 
 
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April 22, 2013, 04:06:24 PM
 #17

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

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April 22, 2013, 04:07:29 PM
 #18

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, you're right. Norway is the part of Texas where Ice Bears walk in the streets.
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April 22, 2013, 04:10:38 PM
 #19

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, you're right. Norway is the part of Texas where Ice Bears walk in the streets.
Grin
It is called polar bears, though  Tongue

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April 22, 2013, 04:18:01 PM
 #20

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?


 
 
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