The Financial Supervisory Authority of Norway (Finanstilsynet) has published a consumer warning on investing in crypto-assets, emphasising that most crypto-assets are highly volatile and high risk and therefore not suitable for all investors. It notes that the market remains characterised by extreme price fluctuations, misleading information and limited consumer protection, even after new regulation. Finanstilsynet highlights that risks and available consumer protection differ significantly across crypto-asset types and depend on the provider used, and urges particular caution when using providers established outside the EU or otherwise not covered by MiCA, which has been implemented in Norway through the Crypto-Assets Act. The authority encourages investors to check whether a provider is authorised and to consult its list of unauthorised providers and market warnings, and flags key risks including sharp price swings (potentially resulting in total loss), liquidity constraints, aggressive or misleading marketing including via social media influencers, fraud and hacking, limited protections (including the absence of compensation schemes), and product complexity; it also points readers to a warning from the European supervisory authorities and a factsheet explaining what is regulated under MiCA and the types of providers operating in the market.
Norwegian Finanstilsynet 2025-10-16
Financial Supervisory Authority of Norway issues warning on crypto-asset risks and limited MiCA consumer protection
Norway's Financial Supervisory Authority (Finanstilsynet) warned about crypto-assets, citing high volatility, misleading information, and limited consumer protection. It advises caution with providers outside the EU or not covered by the Markets in Crypto-Assets Regulation (MiCA) and highlights risks like price swings, liquidity issues, and fraud. Investors should verify provider authorisation and consult Finanstilsynet's list of unauthorised providers.