Norway: Bitcoin isn’t money, it’s a taxable asset


Patrick Howell O’Neill
dailydot.com
December 16, 2013

The world’s governments are taking a serious look at Bitcoin.

After regulators in the United States, European Union and China have put spotlights on the digital currency in the last month, Norway’s director general of taxation, Hans Christian Holte, has joined the fray.

Holte says that Bitcoin “doesn’t fall under the usual definition of money” and, for tax purposes in Norway, it won’t be considered a currency. Instead, it is an asset that the owner must pay capital gains taxes on. Currently, that’s a 28 percent tax.

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