Norwegian Crypto Declarations Surge by 30%: Around 73,000 People Report Over $4 Billion in Assets

According to a report by Jinse Finance, the Norwegian Tax Administration announced that for the 2024 fiscal year, more than 73,000 people declared holdings of cryptocurrencies, with a total value exceeding $4 billion, representing a year-on-year increase of about 30%. Tax Director Nina Schanke Funnemark stated that several measures implemented in recent years have proven effective, with more people declaring crypto assets as required to ensure tax compliance. Data shows that among the declared assets, approximately $550 million were gains, while $290 million were losses. Norway plans to require exchanges and custodians to report crypto holdings information through third-party reporting starting in 2026.