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Bitcoin May Yet See Breakthrough, Norway Finance Minister Says

(Bloomberg) The finance minister of Norway appeared to break away from the chorus of Bitcoin critics and suggested that cryptocurrencies will at some point move past the volatility for which they’re currently known and experience a period of “breakthroughs.

Battle Over Bank Tax Flares Up in Sweden as Legality Contested

May 27 2021, 10:46 AM May 26 2021, 9:30 AM May 27 2021, 10:46 AM (Bloomberg) Sweden’s banks are gearing up for a fresh fight with their government to try to block a proposal that singles out the financial industry for an extra tax. (Bloomberg) Sweden’s banks are gearing up for a fresh fight with their government to try to block a proposal that singles out the financial industry for an extra tax. The Social Democrat-Green coalition government has long made clear it intends to impose a levy on banks, which it argues represent a bigger risk to economic stability than most other industries. “We have seen a financial crisis that has cost enormously, so it’s not unreasonable that the banks get to contribute,” Asa Lindhagen, Sweden’s minister for financial markets and a member of the Green Party, said in an interview on Tuesday. She also said there’s little to indicate that the industry can’t afford such a levy. “The banks are clearly d

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