Crypto License in Norway (2026)

EU MiCA (CASP)Research in progressLast reviewed 2026-09-06

The full guide for this jurisdiction is being researched

What is on this page now is verified against the sources listed below: the regulator, the governing framework and the shape of the regime. Costs, requirements and the application process land here once our research is reviewed.

Read this before you plan an application

The transition for firms on the old anti-money-laundering register ended on 30 June 2026 (extended once, from 30 December 2025, by regulation of 18 December 2025). Finanstilsynet states that unauthorised providers are expected to wind down in an orderly way, and that a good-quality application avoids repeated rounds before the file is deemed complete.

Norway is not in the EU, and MiCA applies there anyway. Regulation (EU) 2023/1114 was incorporated into the EEA Agreement by Joint Committee Decision No 41/2025 of 20 February 2025, in force 24 June 2025, and the Act on Crypto-Assets of 27 May 2025 No. 20 made it Norwegian law from 1 July 2025 with Finanstilsynet as the supervisor. Anyone providing one of the ten MiCA crypto-asset services in Norway needs a CASP authorisation under MiCA Article 63, or an Article 60 notification if already a bank, investment firm or other listed financial institution. Firms on Finanstilsynet's old anti-money-laundering register for exchange and custody providers could keep operating until 30 December 2025, extended on 18 December 2025 to 30 June 2026; Finanstilsynet's CASP page, updated 8 July 2026, says the transition has expired and unauthorised providers are expected to wind down. The first Article 63 authorisations came on 18 May 2026 (Tyr Markets AS) and 22 May 2026 (Firi AS).

Regime: EU MiCA (CASP)
Regulator: Finanstilsynet (Financial Supervisory Authority of Norway)
Framework: EU Markets in Crypto-Assets Regulation (MiCA), applied through the Act on Crypto-Assets (kryptoeiendelsloven, Act of 27 May 2025 No. 20) (2025)
Application fee: None stated on Finanstilsynet's CASP application page or the Altinn form KRT-3060, as read on 6 September 2026
Minimum capital: EUR 50,000, EUR 125,000 or EUR 150,000 depending on the class of services, set EU-wide by MiCA Annex IV
Time to license: MiCA Article 63 as Finanstilsynet describes it: receipt confirmed within 5 working days, completeness assessed within 25 working days, then a 40 working day assessment with one further-information request of up to 20 working days, and the decision notified within 5 working days. In practice the first Article 63 authorisation came on 18 May 2026, ten and a half months after the Act applied.
Foreign owners: The applicant must be a legal person with physical presence in the EEA, per MiCA Article 59 as Finanstilsynet restates it; ownership by non-residents is not addressed on the pages read for this draft. A provider already authorised in another EEA state does not apply in Norway: it notifies its home authority under MiCA Article 65 and passports in. Finanstilsynet's CASP page is published in Norwegian only.

License classes in Norway

License classes, the activities each covers, and their fees and capital requirements where published.
Class	Covers	Fee	Capital
Class 1	Reception and transmission of orders, execution of orders on behalf of clients, placing of crypto-assets, transfer services on behalf of clients, advice on crypto-assets, portfolio management of crypto-assets	Not published	EUR 50,000
Class 2	Custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets	Not published	EUR 125,000
Class 3	Operation of a trading platform for crypto-assets	Not published	EUR 150,000

What the application requires

A legal person with physical presence in the EEA (MiCA Article 59, as Finanstilsynet restates it)
An application containing everything Delegated Regulation (EU) 2025/305 lists, on the form in Delegated Regulation (EU) 2025/306, filed through Altinn form KRT-3060 with Finanstilsynet's checklist
Fit and proper assessment of every member of the management body, individually and collectively, on form KRT-1157 with a collective competence matrix (MiCA Article 68)
Fit and proper assessment of key function holders, including the compliance officer and the anti-money-laundering officer, on the same form
A checklist that states how each MiCA requirement is met, with page references into the supporting documents
Minimum capital of EUR 50,000, EUR 125,000 or EUR 150,000 by class of service (MiCA Annex IV)
Notification to Finanstilsynet without undue delay if any information in the application changes, and of later changes in the management body via KRT-1157
For banks, investment firms, fund managers, market operators and e-money institutions: an Article 60 notification at least 40 working days before the service starts, instead of an Article 63 application

The application process

Determine whether you apply or notify
A new entrant applies for an Article 63 authorisation; a bank, investment firm, fund manager, market operator or e-money institution already authorised notifies under Article 60 for the equivalent services
Build the application file
The programme of operations and every item in Delegated Regulation (EU) 2025/305, the fit and proper documentation for the management body and key roles, and Finanstilsynet's checklist with page references; Finanstilsynet points applicants to ESMA's supervisory briefing on MiCA best practice
File with Finanstilsynet through Altinn
Form KRT-3060 with the application form and checklist attached; Finanstilsynet confirms receipt within 5 working days
Completeness check and assessment
Finanstilsynet assesses completeness within 25 working days and may set a 5 to 20 working day deadline for missing items; once complete, the 40 working day assessment runs, with one further-information request of up to 20 working days
Authorisation and register entry
Finanstilsynet notifies the decision within 5 working days of taking it; the firm appears in the public entity register with the services granted, and can passport to other EEA states by notifying Finanstilsynet under Article 65

Costs and taxation

Finanstilsynet publishes no application fee for a CASP authorisation: neither its CASP application page nor the Altinn form KRT-3060 names one. The published cost is the MiCA Annex IV capital floor for the class of services applied for, EUR 50,000, EUR 125,000 or EUR 150,000. Finanstilsynet also funds itself through an annual levy on supervised entities; the 2026 allocation notice could not be fetched for this draft, so no figure is quoted.

Corporate income tax on ordinary income is 22.0 percent for companies (etterskuddspliktige) in the Norwegian Tax Administration's 2026 rate table.

Who is licensed today

Authorised CASPs appear in Finanstilsynet's public entity register (virksomhetsregisteret) under the registration type Kryptoeiendelstjenestetilbydere (CASP), each entry listing the services granted and whether the firm may passport. Finanstilsynet announced AK Jensen Norway AS as Norway's first CASP (Article 60 notification, from 2 February 2026), Tyr Markets AS as the first exchange authorised under Article 63 (from 18 May 2026) and Firi AS as the first trading platform operator (from 22 May 2026); the register also carried CASP entries for K33 Markets AS and Norwegian Block Exchange AS when read on 6 September 2026. No total count is published on the register's landing page. See the official register.

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Frequently asked questions

Do I need a licence to run a crypto exchange in Norway?

Yes. Since 1 July 2025 the Act on Crypto-Assets applies MiCA in Norway, so exchanging crypto-assets for funds or operating a trading platform needs a CASP authorisation from Finanstilsynet under MiCA Article 63, or an Article 60 notification for financial institutions already authorised for equivalent services.

Does MiCA apply in Norway if Norway is not in the EU?

Yes. MiCA was incorporated into the EEA Agreement by Joint Committee Decision No 41/2025 of 20 February 2025, in force 24 June 2025, and the Act on Crypto-Assets of 27 May 2025 made it Norwegian law from 1 July 2025. A Norwegian CASP authorisation passports across the EEA under Article 65.

What does a Norwegian CASP authorisation cost?

Finanstilsynet names no application fee on its CASP page or the Altinn form. The published cost is the MiCA Annex IV capital floor: EUR 50,000 for Class 1 services, EUR 125,000 for Class 2 and EUR 150,000 for Class 3.

How long does Finanstilsynet take to authorise a CASP?

The MiCA clock is 25 working days for the completeness check and 40 working days for the assessment, with pauses for further information. The first Article 63 authorisation, Tyr Markets AS, took effect on 18 May 2026, ten and a half months after the Act applied.

What happened to firms on Finanstilsynet's old crypto register?

Exchange and custody providers registered under the anti-money-laundering rules could keep operating until 30 December 2025, extended to 30 June 2026 by a regulation of 18 December 2025. Finanstilsynet says the transition has now expired and unauthorised providers are expected to wind down.

Which companies hold a Norwegian CASP authorisation?

Finanstilsynet has announced AK Jensen Norway AS (Article 60 notification, from 2 February 2026), Tyr Markets AS (Article 63, from 18 May 2026) and Firi AS (Article 63, from 22 May 2026). Its public entity register lists every CASP with the services granted; K33 Markets AS and Norwegian Block Exchange AS also carried CASP entries on 6 September 2026.

Sources

Buying bitcoin as an individual is a different question entirely: how to buy bitcoin in Norway covers exchanges, payment methods and legality for residents, and the crypto license hub compares every jurisdiction we track.

Crypto License in Norway (2026)

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