Norway vs Puerto Rico
Crypto regulation comparison
Norway
Puerto Rico
Legal
No Data
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.
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Tax Type
Wealth and capital gains
Tax Type
Unclear
Tax Rate
22% (gains) + 1.1% (wealth)
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Finanstilsynet (Financial Supervisory Authority)
Regulator
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Stablecoin Rules
No specific stablecoin regulation; general financial rules apply
Stablecoin Rules
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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
Key Points
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Sources
Sources
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