The Oslo-based trader, whose identity has been withheld, has been reportedly very open about his crypto wealth and, as can be expected, the wrong people took notice.
City Coin is a secure and innovative cryptocurrency based on City Chain, a smart city platform that enables the design, implementation and use of next-generation services for smart cities and their inhabitants.
Norway has scrapped a subsidy granted to cryptocurrency miners in the country, which could result in spiraling energy costs for operators in the sector.
Effective Oct. 15, cryptocurrency-related companies in Norway—including branches of multinational companies—will have to adhere to a new set of anti-money laundering regulations (AML) set by the Financial Supervisory Authority of Norway.
One of Kryptovault's facilities could be shut down after residents filed noise complaints against the Norwegian crypto mining company, according to reports.
Kryptovault, a crypto mining company in Norway, said it received a bomb threat supposedly because of the noise made from its mining operations.