It had to be an ongoing assault on bitcoin in Norway that got me here, into a social network channel poised for self-promotion, and I have started a blog -- somewhere to vent. Since before the summer of 2017 there has been a de facto ban on bitcoin in Norwegian banks. It is a problem. Banks are not free to select who to offer accounts, they have a monopoly on fiat NOK and should offer cash to businesses unless there are good and serious reasons not to. As trade in bitcoin is legal, banks are legally required to offer payments, you should think? Not so!
Bitcoin traders are blacklisted, accounts are closed, businesses refused to register companies. Government agencies which have a mandate to protect against protectionism, secure competition, stop exploitation of customers are all quite. This is how I spend my time now. Promoting true innovation, business development and doing activism to right what is wrong. Bitcoin and blockchain technology is one of the most exiting transformations in our times. Bitcoin represents a paradigme shift in Finance, my favorite subject in school twenty-some-years-ago which never rang true -- until now! This is going to change valuation the same way behavior science changed economics. Blocking this knowledge is harmful. Politicians must wake-up and do their job, which is to protect society, people and drive, not business interests destined to stagnate as the understanding of how bitcoin transform eludes them.
Presently I am working through the Department of Finances suggestion on the next Norwegian laws regulating banking. The deadline is Friday the 15th of December, and I am reading and looking at the text as is, thinking of the consequence for bitcoin as-things-are, and the background I have in Risk & Compliance from banking.
Since Steemit is a blockchain channel, my contribution to the network will be updates from working on behalf of bitcoin, blockchain and relevant business development in Norway.
