Norway Bank Invests $1.65 Million in Local Bitcoin Exchange

Norwegian savings bank Sparebanken Øst has invested $1.65 million in a local bitcoin exchange as demand for cryptocurrencies booms amidst an ongoing economic slowdown.
Sparebanken Øst purchased a 16.3 percent stake in Norwegian Block Exchange (NBX), a digital assets trading platform founded by airline tycoon Bjørn Kjos. The founder of Norwegian Air Shuttle, Scandinavia’s largest airline is set to launch NBX by mid-September after spending almost a year on its developme