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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Nvidia's "black swan" shakes up AI faith! Jensen Huang's controversy draws in U.S. Treasury bond buying, long-term U.S. Treasuries rise against the trend
After a brief holiday break, the US Treasury market has resumed trading, with long-term US Treasury prices rising slightly. The recent turmoil surrounding Nvidia has caused doubts about the main AI trading narrative, prompting safe-haven buying into US Treasuries.
Crypto prices
More
