The Kingdom of Norway is a unitary country in the Scandinavian Peninsula and several islands with an area on 385 thousand kilometers and a population of 5.3 million people. Norway is one of the wealthiest countries in the world in terms of income per capita. It is also high in such indexes as democracy, happiness and education. Most Norwegian exports are based on petroleum, but also include agriculture, heavy machinery and chemical products. Cryptocurrencies are legal in Norway and the taxation system of Norway applies to Bitcoin. Bitcoin profits are a subject of wealth tax and usage of Bitcoin is performed under sales tax regulations. Bitcoin’s definition in Norway is an asset and not any type of money. High technological development and the liberal market of the country made Norway a blockchain startup-welcoming place.
Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering.
Norwegian FSA sees urgent need for crypto investor protection
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property.
HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies
The Norwegian central bank aims to find a preferred CBDC solution through new technical tests.
Norway to start digital currency tests after four years of research
"Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right," said Marius Johansen.
Norwegian authorities urge crypto users to declare earnings on upcoming return
Norwegian billionaire investor Øystein Stray Spetalen made a 180° reversal in his opinions about cryptocurrency this month and now part-owns domestic crypto exc...
Norwegian billionaire ditches skepticism, invests in local crypto exchange
Aker ASA has created a new subsidiary to hold Bitcoin on its balance sheet and invest in other companies in the crypto space.
Norwegian investment firm allocates $58M to Bitcoin and crypto ventures
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.
Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says