How the rules are made

How crypto rules for Norway are made in the EU, brought in through the EEA, adopted in Norway and enforced. The arrows show the path; each box links to the organisation in the org chart and to its source.

← Who’s who · Industry map

Step by step

1. The European Commission proposes
   The Commission puts forward proposals for new EU legislation. The MiCA proposal is COM(2020) 593.
   Source: EUR-Lex, COM(2020) 593
2. The European Parliament and the Council adopt
   MiCA is Regulation (EU) 2023/1114 of the European Parliament and of the Council, adopted on 31 May 2023.
   Source: EUR-Lex, forordning (EU) 2023/1114
3. ESMA and EBA fill in the details
   MiCA mandates the European supervisory authorities ESMA and EBA to develop draft technical standards that fill in the regulation.
   Source: EUR-Lex, MiCA · ESMA in the org chart · EBA in the org chart
4. The EEA Joint Committee incorporates the rules into the EEA Agreement
   The EEA Joint Committee decides on amendments to the annexes of the EEA Agreement once the EU has adopted new legislation (Article 102). MiCA is listed in Annex IX, point 31r, of the EEA Agreement.
   Sources: EØS-avtalen artikkel 102 (Lovdata) · kryptoeiendelsloven § 1 (Lovdata)
5. Consultation: the industry and the public have their say
   As a rule, draft acts and regulations must be sent out for public consultation before they are adopted, so the industry, organisations and anyone else can submit comments.
   Source: utgreiingsinstruksen kapittel 3 (Lovdata)
6. The Ministry of Finance drafts the bill
   The Crypto-Assets Act (kryptoeiendelsloven) was put forward by the Ministry of Finance in Prop. 55 LS (2024–2025).
   Source: Lovdata, LOV-2025-05-27-20 · Finansdepartementet in the org chart
7. The Storting passes the act
   The Standing Committee on Finance issued its recommendation in Innst. 254 L (2024–2025), and the Storting considered the act on 15 and 20 May 2025.
   Sources: Stortinget, Innst. 254 L · Lovdata · Finance committee in the org chart
8. The acts
   Under section 1 of the Crypto-Assets Act, MiCA applies as Norwegian law, in force from 1 July 2025. The Anti-Money Laundering Act requires reporting entities to send information to Økokrim when they suspect money laundering or terrorist financing (section 26), and section 52 makes TFR II (Regulation (EU) 2023/1113) on information accompanying transfers of funds and certain crypto-assets Norwegian law. For tax purposes, crypto-assets are treated as assets, and income from them is taxable.
   Sources: kryptoeiendelsloven (Lovdata) · hvitvaskingsloven (Lovdata) · Skatteetaten: skatteregler for virtuelle eiendeler · Kryptoeiendelsloven in the org chart
9. Finanstilsynet: supervision and licences
   Finanstilsynet is the supervisory authority and supervises firms licensed under the crypto-assets regulation (section 2 of the Crypto-Assets Act). Among other things, the act has rules on orders (section 5), revocation of licences (section 12) and penalties (section 18). Licensed firms are listed in Finanstilsynet’s register.
   Sources: kryptoeiendelsloven §§ 2, 5, 12, 18 (Lovdata) · Finanstilsynet’s register · Finanstilsynet in the org chart
10. Økokrim and the police: enforcement
    Økokrim receives suspicious transaction reports under section 26 of the Anti-Money Laundering Act. According to its 2025 annual report (p. 32), Økokrim’s cryptocurrency group took part in investigating several of Økokrim’s own cases and assisted police districts and other specialist bodies. Section 15 of the Crypto-Assets Act has rules on police assistance to the supervisor.
    Sources: hvitvaskingsloven § 26 (Lovdata) · Økokrim, annual report 2025, p. 32 (PDF, Norwegian) · kryptoeiendelsloven § 15 (Lovdata) · Økokrim in the org chart
11. Tax Administration: tax
    Gains, income and wealth in crypto-assets must be reported in the tax return. Income is taxed as capital income at 22 per cent.
    Source: Skatteetaten: skatteregler for virtuelle eiendeler · Skatteetaten in the org chart
12. Norges Bank, where relevant
    Norges Bank’s purposes include promoting financial stability and an efficient and secure payment system (section 1-2 of the Central Bank Act). It is Finanstilsynet, not Norges Bank, that is the supervisory authority under the Crypto-Assets Act (section 2).
    Sources: sentralbankloven § 1-2 (Lovdata) · kryptoeiendelsloven § 2 (Lovdata) · Norges Bank in the org chart

A simplified overview, not legal advice. The claims were checked against the sources on 3 October 2026. Spotted an error? Tell us on GitHub.