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🇳🇴 Norway

EEA edge case: Finanstilsynet has issued MiCA authorisations (AK Jensen, Firi) but Norway's status in ESMA's interim register is inconsistent with national records

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

E-pengeforetak (e-money institution) licence under Lov om e-pengeforetak (Act on E-Money Institutions, 2002) and Forskrift om e-pengeforetak (Regulation on E-Money Institutions, 2011), transposing EMD2; no separate small/exempt e-money tier (unlike the limited-authorisation option available to payment institutions for low-volume money transfer only)

Verified 2 days agoSource: Current national regulator authorisation material: https://www.finanstilsynet.no/tillatelser/e-pengeforetak/

Regulator

Finanstilsynet (The Financial Supervisory Authority of Norway)

Verified 2 days agoSource: Current national regulator authorisation material: https://www.finanstilsynet.no/tillatelser/e-pengeforetak/

Recent changes

Norway's EEA implementation timing also depends on incorporation through the EEA Agreement. PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension.

Verified 2 days agoSource: https://data.consilium.europa.eu/doc/document/ST-8222-2026-INIT/en/pdf ; https://data.consilium.europa.eu/doc/document/ST-8221-2026-INIT/en/pdf ; https://oeil.europarl.europa.eu/oeil/en/procedure-file?reference=2023%2F0209%28COD%29

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Norway's regulator and qualified local counsel before acting.