Northwest Europe improves finance sector with cryptocurrency and blockchain

The Nordic Law corporation, based in Finland, has decided to enable an option of payment via Bitcoin. As the media outlets note, this might be the first ever law firm to do so. The announcement tells the company enabled this feature after it became clear the interest in cryptocurrency grows both inside and outside the country – here it should be reminded that cryptocurrency allows trans-border, non-regulated payments. And the entities Nordic Law works with often possess cryptocurrency assets, which is another reason payments were enabled.

In the neighboring country, Sweden, there is an interesting cryptocurrency case in finance sphere as well. Kronofogden, the state service, has received its first ever bitcoin discharge. The sum of this discharge was 0.6 BTC, or $2,850 at the transfer time. The representative of Swedish authorities told that Bitcoin is just another kind of assets and so it can be paid as debt.

Meanwhile in Russia, the deputy head of the Federal Antimonopoly Service (FAS) has bitterly stated while talking about paperwork in his organization: “It’s bitcoin and blockchain [era] out there, and we still have to process requests on paper!”