BTC $67,740.00 (+1.35%)
ETH $1,953.92 (-0.78%)
XRP $1.42 (+0.58%)
BNB $611.75 (+0.59%)
SOL $83.37 (+1.94%)
TRX $0.28 (+1.26%)
DOGE $0.10 (+1.73%)
BCH $561.98 (+1.04%)
ADA $0.28 (+0.20%)
LEO $8.57 (-0.88%)
HYPE $29.49 (+3.21%)
XMR $334.04 (+2.66%)
LINK $8.65 (-0.13%)
CC $0.16 (-1.79%)
XLM $0.16 (+0.52%)
RAIN $0.01 (+3.54%)
ZEC $265.05 (+1.73%)
HBAR $0.10 (-0.01%)
LTC $53.51 (+0.36%)
AVAX $9.01 (+1.60%)

United Kingdom vs Norway

Crypto regulation comparison

← Back to map | United Kingdom | Norway
United Kingdom

United Kingdom

Norway

Norway

Legal
Legal

The UK has an evolving and increasingly comprehensive crypto regulatory framework. The FCA registers crypto firms for AML/CFT compliance and has imposed strict financial promotion rules requiring risk warnings and banning incentives. HMRC treats crypto as property subject to Capital Gains Tax (10% basic rate, 20% higher rate, with £3,000 annual exemption from 2024/25). The Financial Services and Markets Act 2023 brought crypto assets into the UK regulatory perimeter, and HM Treasury is developing rules for a full crypto regime including exchange licensing, stablecoin regulation, and a potential UK CBDC ('Britcoin').

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 Capital gains
Tax Type Wealth and capital gains
Tax Rate 18-24%
Tax Rate 22% (gains) + 1.1% (wealth)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FCA (Financial Conduct Authority), HMRC, Bank of England
Regulator Finanstilsynet (Financial Supervisory Authority)
Stablecoin Rules Stablecoin regulation under Financial Services and Markets Act 2023; fiat-backed stablecoins to be regulated by FCA
Stablecoin Rules No specific stablecoin regulation; general financial rules apply
Key Points
  • FCA AML registration required for all crypto firms operating in the UK
  • Capital Gains Tax: 10% (basic rate) or 20% (higher rate); £3,000 annual exempt amount (2024/25)
  • Financial promotions regime (2023): strict rules on crypto advertising, risk warnings mandatory
  • Financial Services and Markets Act 2023 brings crypto into regulatory perimeter
  • HM Treasury developing comprehensive crypto regulatory regime (exchange licensing, conduct rules)
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
Sources