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Cryptocurrency mining will always remain a peculiar industry. A lot of people make good money from it, even though there’s also a degree of centralization involved. The quest for cheap electricity is far from over in this industry, though. It now seems Norway and Sweden are entering that...
Speaking at the Nordic Business Forum in Sweden, Apple co-founder Steve Wozniak admitted he has sold off almost all of his Bitcoin holdings — keeping some to “experiment” with. Despite this, he’s still a keen supporter, maintaining the that the cryptocurrency is superior to gold and fiat currencies....
According to a note issued by HBSC economic analyst James Pomeroy, Sweden could be the first nation to issue their own cryptocurrency. A document, which was sent to clients this week, titled “Sweden’s Big Year: Can the Economy Overcome Some Challenges?” set forth some rudimentary proposals of what...
Sweden, the Scandinavian nation famous for ABBA, Björn Borg, and Volvo, is leading the way when it comes to becoming the world’s first cashless country – and the technology behind Bitcoin and the cryptocurrencies that have spawned is catalyzing the process. Two years ago, in October 2015, Niklas Arvidsson,...
With Brexit around the corner, Sweden could present itself as one of the alternative destinations for the European financial industry. The upcoming Brexit has turned into a speculator’s game. Britain’s exit from the European Union is expected to have a divisive effect on the country’s thriving finance and...
Sweden’s intention to introduce an electronic version of its legal tender (eKrona) is not quite popular among its citizens. A recent survey conducted by the Swedish company, SIFO shows that at least 50 percent of the population is against the country’s central bank introducing electronic currency to complement...
The growing popularity of Bitcoin and its benefits has got the central banks across the world considering the pros and cons of implementing a digital version of their respective fiat currencies. None of the countries have so far come up with a solid plan, except for Sweden. The...
The use of blockchain based registries has now spread to Sweden. The European country may soon be implementing a new land registry based on distributed ledger. With the number of people around, it is hard to keep track of all the things they had ever owned. However, it is...
The European Court of Justice recently declared that VAT does not apply to bitcoin exchanges. The decision was cheered by the bitcoin community across the world. However, at least one government is not happy about it for sure. The increased popularity of bitcoin has got governments thinking of...
Sweden has plans to become the world’s first Cashless Country. The European country says that cash is becoming increasingly falling into disuse. Sweden is trying to become the world’s first cashless society. This has been highly motivated by the IT industry in the country which as seemingly helped the...
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