“Bitcoin doesn’t meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity. ‘Considering the definition of an official currency as set out in law, it’s not that. It’s also not a payment instrument, because the law stipulates that a payment instrument must have an issuer responsible for its operation,’ Paeivi Heikkinen, head of oversight at the Bank of Finland in Helsinki, said. ‘At this stage it’s more comparable to a commodity.’ Finland is the latest country to try to come to grips with the advent of virtual currencies that aren’t controlled by any central bank or government.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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