On March 7, 2025, the Norwegian government published Prop. 54 LS (2024–2025), a legislative proposal to incorporate EU’s Digital Operational Resilience Act (DORA) into Norwegian law. This proposal transposes the DORA Directive (EU) 22/2556 and Regulation (EU) 22/2554 into Norwegian law by directly incorporating them into a new act—referred to as the DORA Act—in accordance with Norway’s obligations under the EEA Agreement. 

Additionally, the legislative proposal amends the Anti-Money Laundering Act to implement Regulation (EU) 2023/1113, also known as the Transfer of Funds Regulation (TFR II).  TFR II broadens the scope of existing obligations pertaining to money transfer by also including crypto-asset service providers.

On 7 March 2025, the Norwegian Ministry of Finance introduced Prop. 55 LS (2024–2025), a legislative proposal to incorporate EU’s MiCA Regulation into Norwegian law. This represents a milestone in establishing a comprehensive regulatory framework for cryptocurrency in Norway. Officially titled “Lov om kryptoeiendeler (kryptoeiendelsloven)”, the proposed act seeks to modernize Norway´s crypto market by integrating EU’s MiCA Regulation into Norwegian law.

New ESMA guidelines (dated 26 February 2025) shed light on the evolving regulatory landscape for crypto-asset service providers (CASPs) operating outside the EU. These guidelines focus on the reverse solicitation exemption under article 61 of MiCA and underscore the challenges faced by third-country firms (firms located outside the EU) when providing crypto-asset services to EU customers without a proper license.