Norway: Bitcoin is Not Real Money

Governments worldwide are trying to solidify their positions on Bitcoin. Chinese regulators banned financial institutions from using Bitcoin earlier this month, while in July, Thailand's government declared the virtual currency's use illegal due to a lack of applicable laws. Now Bitcoin has taken another hit to its legitimacy: Norway — Scandinavia's richest nation — has said that the currency doesn't qualify as real money.

(H/T Charles WT)

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