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Falkland Islands (Malvinas) vs Norway

Crypto regulation comparison

Falkland Islands (Malvinas)

Falkland Islands (Malvinas)

Norway

Norway

No Data
Legal

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Cryptocurrency is legal in Norway and regulated by Finanstilsynet. Norway taxes crypto capital gains at 22% and includes crypto holdings in the annual wealth tax calculation (net wealth above NOK 1.7M taxed at ~1.1%). VASPs must register with Finanstilsynet. Norway is an EEA member and aligning with MiCA through the EEA agreement.

Tax Type Unclear
Tax Type Wealth and capital gains
Tax Rate N/A
Tax Rate 22% (gains) + 1.1% (wealth)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator Finanstilsynet (Financial Supervisory Authority)
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation; general financial rules apply
Key Points

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Key Points
  • Crypto capital gains taxed at 22% flat rate
  • Crypto included in wealth tax base (~1.1% on net wealth above threshold)
  • VASPs must register with Finanstilsynet and comply with AML/CFT requirements
  • Norway is a major crypto mining hub due to cheap hydroelectric power
  • EEA member; MiCA implementation expected through EEA Agreement adaptation
Sources

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