Finland's central bank has come out and said that Bitcoin doesn't meet the definition of a currency or even an electronic payment form but it is a commodity. (Please note that, the quote in the Bloomberg article incorrectly refers to Bitcoin as a "Software")
Paeivi Heikkinen, head of oversight at the Bank of Finland in Helsinki, said “Considering the definition of an official currency as set out in law, it’s not that. It’s also not a payment instrument, because the law stipulates that a payment instrument must have an issuer responsible for its operation... At this stage it’s more comparable to a commodity.”
It is ever more interesting to see how the cards are falling as move central banks and governments define their positions on Bitcion and virtual currencies as we have recently seen the US government go into selling Bitcoins, Singapore give guidance on taxation of Bitcions and saying that the Swiss Government will not interfere wit it broadly, the Swiss define BTC as a foreign currency, and Denmark going as far as to say it is not regulated there.
More @: bloomberg.com
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