Norway could go its own way on crypto asset regulation, central bank suggests

International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report.

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Norges Bank, the central bank of Norway, has released its annual “Financial Infrastructure Report.” It devoted a considerable part of the report to crypto assets and the question of whether Norway should depend on international regulatory examples to control its market.

The European Union’s Markets in Crypto-Assets (MiCA) regulation will come into force in a year or two, and it “will probably also apply to Norway.” However, “the Ministry of Finance will assess EEA relevance and implementation in Norway,” Norges Bank noted. Norway is a member of the European Economic Area but not the EU.

MiCA

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