Norway, recently known as the "most cashless society" due to its low use of cash, is not in a hurry to allow Bitcoin's (BTC) adoption, here are their reasons.
Norway, recently known as the "most cashless society" due to its low use of cash, is not in a hurry to allow Bitcoin's (BTC) adoption, here are their reasons.
As reported by #Bloomberg, the head of the local central bank disapproves of Bitcoin as an alternative to fiat, even though Norway is the "most #cashless" society.
🚨3 Reasons Oystein Olsen Rejects Bitcoin🚨
Oystein Olsen, the head of the Norwegian central bank, believes it is impossible for Bitcoin to issue fiat currencies because it is not under the control of central banks.
The president rejects Bitcoin as money for three reasons. For one and the second reason, he emphasizes the intense energy consumption and cost of the leading cryptocurrency . The third reason, Olsen cites, is that Bitcoin is not stable.
🚨Norwegian Oil Billionaire Embraces Bitcoin
But as we previously reported , #Norwegian oil tycoon Kjell Inge Rokke recently stated that Bitcoin could be worth millions of dollars. Rokke's startup Aker ASA co-founded Seetee AS, a crypto investment firm that bought $ 58 million worth of BTC, thus becoming another major company that has allocated a significant amount of funds in Bitcoin this year.