---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["NO", "NOR", "Norge / Noreg"]
created: 2026-04-13
updated: 2026-01-15
compile_into: ["[[country--norway]]"]
sources:
  - name: "Finanstilsynet"
    url: "https://www.finanstilsynet.no"
    type: "official"
  - name: "EU [[concept--mica|MiCA]] Regulation"
    url: "https://eur-lex.europa.eu"
    type: "official"
---

# 🇳🇴 [[country--norway|Norway]] (NO) — Crypto Regulation

> Norway has a clear and legal regulatory framework for cryptocurrencies, aligned with the EU's Markets in Crypto-Assets Regulation (MiCA) through the EEA agreement. The financial supervisory authority Finanstilsynet oversees financial stability and market functioning, including crypto-related activities.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 28/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--nok|NOK]] |
| Adoption Rank | #34 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 22% flat tax on crypto capital gains |
| Capital Gains (Corporate) | 22% corporate tax |
| VAT on Crypto | No |

The regulator page does not specify detailed crypto tax rules, but VAT does not apply to crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--finanstilsynet|Finanstilsynet]] |
| Framework | Markets in Crypto-Assets Regulation (MiCA) via EEA |
| Ease | medium |
| Cost | $30,000 - $200,000 |
| Timeline | 4-12 months |

Licensing is governed under MiCA through the EEA framework, requiring authorization for crypto service providers.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** regulated

DeFi activities fall under the regulatory scope of MiCA and are subject to applicable licensing and AML requirements.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under MiCA framework with specific requirements for issuance and operation.

## NFTs

**Status:** Unclear

MiCA excludes unique NFTs. Finanstilsynet follows ESMA classification guidance.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.052/kWh |
| Renewable Energy | 98% |
| Climate | temperate |
| Infrastructure | excellent |

Norway offers very favorable mining conditions due to low electricity costs and high renewable energy share. Infrastructure is excellent for mining operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Ease of Business | very_easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

Finanstilsynet has issued warnings about crypto risks and enforced VASP registration requirements. Norwegian police have investigated and seized crypto from criminal activity.

## CBDC Status: pilot

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Finanstilsynet](https://www.finanstilsynet.no)
- [EU MiCA Regulation](https://eur-lex.europa.eu)