As the crypto market waits for quick gains, U.S. policy makers are laying the groundwork for a long-term regulatory framework.

US is moving towards regulatory clarity on crypto with support from both chambers of Congress and from Republicans and majorities of Democrats.

The Ministry of Finance on Friday submitted a proposal for disclosure obligations for providers of exchange and custody services for crypto assets.

Via two votes in the US Congress, supporters of crypto have won decisive cross-party victories.

Despite increased legitimacy and increased consumer protection through new regulations, crypto poses a particular risk of money laundering.

The Norwegian Tax Administration estimates that between 300,000 and 400,000 Norwegians are now investing in cryptocurrency.