What is Norway's FATF status?

Norway is classified by FATF as: compliant.

Are VASPs licensed in Norway?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Norway?

KYC is mandatory for crypto businesses.

🇳🇴 Norway

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

Status	Legal
Risk Score	28/100 (Moderate Risk)
Region	europe
Currency	NOK
Adoption Rank	#34

Tax Information

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 & Registration

Required	Yes
Regulator	Finanstilsynet
Framework	Markets in Crypto-Assets Regulation (MiCA) via EEA
Ease	medium
Cost (USD)	$30,000 - $200,000

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

Enforcement Activity

Level: Moderate

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

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	Yes
FATF Status	compliant
FATF Body	FATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

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

Legal	Yes
Electricity Cost	$0.052/kWh
Renewable Energy	98%
Infrastructure	excellent

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

Geopolitical Risk

Stability	very_stable
Sanctions	No
Corruption Index	85/100
Banking Access	open

Risk Factors

geopolitical_tensions_in_europe

Norway is politically stable with strong institutions, excellent internet freedom, and open banking for crypto businesses. Risks mainly relate to broader European geopolitical tensions.