---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["SJ", "SJM", "Svalbard og Jan Mayen"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--svalbard-and-jan-mayen]]"]
sources:
  - name: "Finanstilsynet"
    url: "https://www.finanstilsynet.no"
    type: "official"
---

# 🇸🇯 [[country--svalbard-and-jan-mayen|Svalbard and Jan Mayen]] (SJ) — Crypto Regulation

> Svalbard and Jan Mayen follow Norwegian financial regulation including the Markets in Crypto-Assets Regulation ([[concept--mica|MiCA]]), with clear regulatory oversight by Finanstilsynet ensuring financial stability and consumer protection.

## Overview

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

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

No explicit crypto tax details provided on the regulator page; Norwegian tax rules likely apply.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--finanstilsynet|Finanstilsynet]] |
| Framework | Markets in Crypto-Assets Regulation (MiCA) |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing and authorization are required under Norwegian financial regulation overseen by Finanstilsynet.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the broader Norwegian financial regulatory framework.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Markets in Crypto-Assets Regulation (MiCA) as part of Norwegian financial law.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Climate | arid |
| Infrastructure | good |

Mining is legal with moderate electricity costs and 30% renewable energy; infrastructure is good due to Norwegian standards.

## Geopolitics

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

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: unknown

---

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

**Sources:**
- [Finanstilsynet](https://www.finanstilsynet.no)