By CCN.com: International peer-to-peer crypto exchange platform LocalBitcoins has revealed that it will now be put under the supervision of the Financial Authority of Finland. This is a blow for users who have continued to use the exchange for its reliable presence in the industry and the ability to make anonymous trades. AML regulation and new features update - LBC blog posthttps://t...
Universal basic income experiments and other plans that seek to distribute free money seem wonderful considering so many people struggle to make ends meet because of their limited incomes. In the U.S., many legislators have called for federal and or/state governments to trial these economic policies. One recent proposal actually calls for people to receive money from the government even if they...
Nokia, a Finland-based multinational communications and information technology provider, has announced a project to give people in remote rural areas a chance to have mobile connectivity and enjoy the benefits of the digital economy, according to a a post on the company's blog. New tools that reduce the cost of network deployment and maintenance will bring access to these areas, and Nokia...
Finland’s government is preparing to hold its first Bitcoin auction. The Treasury Department has recommended that the government auction off the approximately 2,000 BTC it seized in connection with drug busts nearly two years ago, according to a report from Finnish-language media outlet Helsingin Sanomat. "We recommend public auction for the [sale of the] bitcoins. An auction can be used to...
Finland authorities have confiscated around 2,000 bitcoin – worth nearly $40 million on Dec. 18, 2017 – and is trying to determine how to safely handle them. Finland’s recently announced cryptocurrency guidelines prohibit the government from storing the bitcoin on a virtual currency exchange. The government cannot store the bitcoin on the Internet, Bloomberg News determined after examining...
While technology has improved access to health data, the data is often not leveraged to its full potential due to privacy concerns and concerns about data authenticity. Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. The purpose of the pilot project, which involves 100 people, is...
While technology has improved access to health data, the data is often not leveraged to its full potential due to privacy concerns and concerns about data authenticity. Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. According to a Nokia blog, the purpose of the pilot project...
Finnish police have completed a preliminary investigation into OneCoin, a purported digital currency scheme commonly seen as fraud. As reported by CCN in August, Finnish police in the region of Ostrobothnia launched an investigation into OneCoin activity in the country following a number of complaints from private individuals and tax authorities. This week, a report from regional publication Yle...
Finland’s police are the latest law enforcement authority to launch an investigation into OneCoin, a purported digital currency scheme commonly seen as a fraudulent scam. According to regional daily Vasabladet, Finnish authorities have launched preliminary investigations into OneCoin, a digital currency investment scheme that entered Finland sometime in 2015. The investigation is led by criminal...
The Bank of Finland – the country’s central bank – had recently organized a blockchain seminar to discuss the potential and possibilities presented by the innovation. Held on November 24th, the world’s fourth oldest central bank co-organized the event alongside the Ministry of Finance and drew in a number of participants including researchers, governmental authorities, and executives from...
If you’re a citizen of Finland, this weekend presents you a chance to vote in favor of the Pirate Party of Finland (Piraattipuolue) in the Finnish Parliament election, which occurs on Sunday. The party is a member of Pirate Parties International, and has long accepted Bitcoin donations. Last month, the party received more than 10,000 euro in bitcoins (the party received 4,000 euro in donations...
A group of Finland-based traders has launched a cryptocurrency exchange, FinCCX, to allow users to exchange bitcoins for regular money and vice versa. FinCCX claims by offering lower fees and providing the chance for traders to earn commissions while trading, it delivers an improved user experience to bitcoin traders. Traders can exchange funds in bitcoin or regular currency. FinCCX founders’ 20...
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (9 November - 16 November), we saw a significant (and unexpected) rise in the bitcoin price, Mozilla took a huge stand for internet privacy, Counterparty cloned the Ethereum project (and got cloned back), and more. Keep scrolling for this...
On Friday Finland Bitcoin startup, Bittiraha announced additional deployments to their Bittimaatti Bitcoin ATM network. Spanning five cities, Bittimaatti ATMs serve 1.8 of Finland’s 5.5 million citizens. Since announcing interest at finding new locations five months ago, Finnish Bitcoin ATM network Bittimaatti announced their sixth installation before the weekend began. Bittimaatti ATMs accept...
The Bank of Finland has decided that Bitcoin has failed the currency test. "The Currency Test" as it is referred to by banks and governments around the world in regards to Bitcoin has differing meanings wherever it is cited. Bitcoin's rise to the top is tumultuous indeed. In an interview with Bloomberg's Kati Pohjanpalo, Paeivi Heikkinen, the head of oversight over at the Bank of Finland...