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

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.

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