Virtual currencies have grown in popularity over the past year, but are currently not legal in Finland.
The country, which joined the European Union in 2008, was the first to offer bitcoin as a payment method in 2014, but it has yet to allow bitcoin use as a currency.
With the advent of the Bitcoin Cash protocol, Finland’s central bank has set up a virtual currency exchange in order to accept the digital currency.
The exchange’s first day is set for Monday.
“The virtual currency will be available for trade and for use as currency as of the end of November.
So, if you want to buy or sell Bitcoin Cash, you can,” said head of Finland’s Bitcoin Exchange, Pasi Tietaniemi.”
There will be no transaction fees for the Bitcoin exchange.
We will also be accepting bitcoin deposits and withdrawals, so you can send money to friends and family,” he added.
But as the currency continues to gain popularity, the Finnish central bank is now exploring the idea of creating a national bitcoin bank.
According to Tietanemi, Finland is considering establishing a national Bitcoin bank to ease the regulatory burden on bitcoin exchanges.