BTC $67,448.00 (-1.29%)
ETH $1,942.64 (-1.78%)
XRP $1.39 (-3.60%)
BNB $611.71 (-2.23%)
SOL $83.14 (-2.81%)
TRX $0.29 (+0.44%)
DOGE $0.09 (-4.00%)
BCH $569.76 (+1.00%)
ADA $0.27 (-3.73%)
LEO $8.20 (-1.54%)
HYPE $28.89 (-2.37%)
LINK $8.63 (-2.93%)
CC $0.16 (-0.17%)
XMR $323.44 (-1.09%)
XLM $0.15 (-4.39%)
RAIN $0.01 (+1.44%)
HBAR $0.10 (-2.72%)
LTC $53.15 (-3.45%)
ZEC $243.66 (-6.01%)
AVAX $8.80 (-4.10%)

Norway vs United States

Crypto regulation comparison

← Back to map | Norway | United States
Norway

Norway

United States

United States

Legal
Legal

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.

The United States has the world's most complex crypto regulatory landscape, with overlapping federal and state jurisdictions. The SEC regulates crypto securities and has pursued enforcement actions against exchanges and token issuers. The CFTC oversees crypto derivatives and considers Bitcoin a commodity. FinCEN applies BSA requirements to crypto exchanges as money service businesses. The IRS taxes crypto as property: short-term gains at income tax rates (10-37%), long-term gains at 0-20%. New 1099-DA broker reporting rules take effect from 2025. Multiple states have their own requirements, with New York's BitLicense being the most stringent.

Tax Type Wealth and capital gains
Tax Type Capital gains
Tax Rate 22% (gains) + 1.1% (wealth)
Tax Rate 0-37%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Finanstilsynet (Financial Supervisory Authority)
Regulator SEC, CFTC, FinCEN, OCC, IRS, State regulators
Stablecoin Rules No specific stablecoin regulation; general financial rules apply
Stablecoin Rules Stablecoin legislation actively being developed in Congress; existing oversight by SEC, CFTC, state regulators
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
  • SEC regulates crypto as securities under Howey test; major enforcement actions (Ripple, Coinbase, Binance)
  • CFTC classifies Bitcoin and Ether as commodities; oversees derivatives markets
  • IRS treats crypto as property: short-term gains taxed at 10-37%, long-term (1yr+) at 0-20%
  • FinCEN requires exchanges to register as MSBs and comply with BSA/AML requirements
  • 1099-DA broker reporting for centralized exchanges effective from tax year 2025
Sources
Sources