Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Anarcho Capitalist Smart City in Norway Announces Native Cryptocurrency

written by

Support free journalists: > send a tip

A privately promoted city in Norway going by the ideals of Anarcho Capitalism has announced the development of its native cryptocurrency for local transactions. The city already has a blockchain-powered smart city platform facilitating its citizens and now its native cryptocurrency is also launched for good measure.

Liberstad, the anarcho-capitalist utopian project in Norway is a privately run smart city project by the non-profit Liberstad Drift Organization that aims to implement the principles of total free-market economy and lack of government interference with a special focus on abolishing taxation.

According to John Toralf Holmesland, the head of Liberstad Drift AS:

“We want a society where people decide over themselves and can live together without government authorities. We want a society without government coercion, blackmail, surveillance or unnecessary violence.”

The first of the city’s freehold plots for the utopian exercise were sold mostly through Bitcoin and Norwegian Krone back in 2017. Around 100 new residents have joined the project and by April 2018.

The new native cryptocurrency called City Coin will be used within the closed market of Liberstad itself only. Within this area, national fiat currencies are completely banned and the currency itself will be used within the town’s blockchain-based smart platform called City Chain. The platform and cryptocurrency together will allow citizens and private entities to offer communal services “on a private, internal and voluntary basis” to eliminate the requirement of government existence in the area.

The residents will also use a new app called City Hub for municipal functions. The app will allow a variety of civic functions that are allowed in an anarcho-capitalist doctrine including identity management, creating and voting on city-wide initiatives, registering property, contract insurance, and more.

The town is one of the first attempts to create a free market-backed government-less existence in the world.

Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy:

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter