Norwegian tax authorities have reported a significant surge in cryptocurrency declarations for the 2024 tax year, with over 73,000 individuals disclosing approximately $4 billion in digital asset holdings. This represents a substantial 30% increase from the previous year’s reporting figures, marking a dramatic shift in tax compliance within the digital asset space. The Norwegian Tax Administration’s targeted efforts to improve reporting have yielded impressive results, with Tax Director Nina Schanke Funnemark expressing satisfaction with the growing compliance rates.
about 73K Norwegians Declare $4B in Crypto for 2024 TaxesNorwegian Krone
0 posts last weekK33 Raises $8.9M to Buy 1,000 Bitcoin for Treasury
Norwegian crypto firm K33 announced plans to raise at least 85 million Swedish krona ($8.9 million) via a share issue to fund the purchase of up to 1,000 Bitcoin for its company reserves. Pareto Securities has been appointed to manage the share issue, with a subscription price of $0.011 per share, aiming to issue at least 820 million shares. This follows K33’s earlier move in May to secure financing for acquiring 57 Bitcoin, signaling a strategic shift toward holding Bitcoin on its balance sheet as a treasury asset.
about K33 Raises $8.9M to Buy 1,000 Bitcoin for TreasuryH100 Soars 37% on Bitcoin Treasury Plan, Jiuzi to Buy 1K BTC
H100 Group AB, a Swedish health tech company, saw its shares jump 37% after disclosing its first Bitcoin purchase as part of a new treasury strategy. The firm acquired 4.39 BTC for 5 million Norwegian krone ($490,830), averaging $111,785 per Bitcoin. Meanwhile, China’s Jiuzi Holdings announced plans to accumulate 1,000 BTC over the next year. H100’s stock closed at 1.22 Swedish krona ($0.13) following the news, reflecting strong market enthusiasm for corporate Bitcoin adoption. These developments underscore the increasing trend of companies diversifying into cryptocurrency as part of their financial strategies.
about H100 Soars 37% on Bitcoin Treasury Plan, Jiuzi to Buy 1K BTCJon Ramvi’s Journey in Blockchain Innovation and Ethereum Accessibility
Jon Ramvi, a Norwegian innovator, founded Symfoni to enhance Ethereum adoption and blockchain accessibility across various sectors. His collaboration with the Norwegian government led to the launch of a cap tables platform for unlisted firms, utilizing Ethereum’s Layer 2 solution, Arbitrum, to tokenize stocks. Committed to advancing blockchain technology, Jon actively engages with the community and contributes to initiatives like central bank digital currencies and IoT marketplaces.
about Jon Ramvi's Journey in Blockchain Innovation and Ethereum AccessibilityNorway Investigates Cryptocurrency Fraud and Privacy Coin Usage in Ransom Case
Norway’s National CyberCrime Center is investigating the use of privacy-focused cryptocurrencies Monero and Dash in a ransom case linked to missing person Anne-Elisabeth Hagen. Meanwhile, Økokrim has charged four men with orchestrating an $87 million investment fraud involving fake cryptocurrency schemes, highlighting the growing issue of crypto-related scams in Norway and beyond. The defendants, including individuals with prior fraud convictions, face prosecution as authorities intensify efforts against organized crime in the cryptocurrency space.
about Norway Investigates Cryptocurrency Fraud and Privacy Coin Usage in Ransom CaseNorges Bank Governor Signals Possible Policy Rate Cut in March
Ida Wolden Bache, Governor of Norges Bank, announced that the policy rate will remain unchanged at 4.5% as the bank aims to stabilize inflation around 2%. While inflation has decreased and economic growth has picked up, the Committee is cautious about lowering rates too quickly, with a potential reduction expected in March. Unemployment has seen little change, and international developments may influence future monetary policy decisions.
about Norges Bank Governor Signals Possible Policy Rate Cut in March