Norway's encryption declarations surge by 30%: approximately 73,000 people declare over $4 billion in assets.

[Norway's Crypto Declaration Surge of 30%: About 73,000 People Declare Over $4 Billion in Assets] According to the latest announcement from the Norwegian Tax Administration, over 73,000 people declared their holdings of crypto assets for the 2024 fiscal year, totaling over $4 billion, a year-on-year rise of about 30%. Nina Schanke Funnemark, the Tax Director of the Tax Administration, stated that several measures taken in recent years have shown results, with more people declaring crypto assets as required to ensure correct taxation. Data shows that about $550 million of the declared assets are gains, while $290 million are losses. Norway plans to require exchanges and custodians to report crypto holdings information through third parties starting in 2026.