Crypto
Cryptocurrency Investment And Fiscal Policy
Introduction
Risk-on assets thrive when there is enough money in circulation. Such assets include cryptocurrencies, stocks, high-yield bonds and other emerging markets with attractive profits. Who decides how much money is available to public for spending? Obviously, it is the government of a country. The governments devise financial plans for a fiscal year, and term them as fiscal policies.
Fiscal Policy
Governments have many tools up their sleeve to manage the economy. Fiscal policy is a tool that a government uses to collect taxes, manage spending so that economy can run stably and wealth can be distributed rationally. The aims of setting a fiscal policy is to control inflation, create job, avoid or ward off recession, and promote steady economic growth. On-chain activities on many blockchains confirm the fact that volumes surge when the government decides to cut taxes and boost spending. People have more savings to spend on speculative assets like cryptocurrencies.
However, there are three types of fiscal policies. Each has its own functions and restrictions. Not every one of them is conducive to the crypto market.
Types of Fiscal Policy
1. Accommodative (Expansionary) Fiscal Policy
In simple words, an expansionary fiscal policy aims to spend more than earn. Taxation policies are loosened to accommodate citizens. This kind of policy is usually implemented when there is a risk or onset of recession, or when there is any economic emergency like Covid-19 in 2020. Such situations result in widespread layoffs. Unemployment rises to unwanted levels. People have less to spend, so the demand for goods and services plummets headlong. These circumstances dent any economy badly.
The government responds by stimulating public spending by giving tax rebates. Savings increase and people tend to consume goods and hire services. Rising demands also creates new jobs. For example, a family will consider buying new furniture, replacing the old vehicle or renovating their house when they get some increment in savings.
Impacts on Cryptocurrencies
History reveals that risky assets pump when governments decide to implement expansionary fiscal policies. Savings end up in stocks and cryptocurrencies. The most recent example of such policy can be found in 2020. In the cryptocurrency market, it marked the beginning of stupendous bull run. Bitcoin went from $8000 in March 2020 to $69000 in November 2021. Ethereum, many utility tokens, and even meme coins printed millionaires in the course of a year and a half. Such was the boom brough forth by the expansionary fiscal policy.
Drawbacks
Expansionary fiscal policy may appear very attractive on the face value, but it is not without its drawbacks. Increased demands can give rise to inflation if the supply is lower than the demand. Secondly, more spending than earnings increasingly drags national economy to deficit. Government manages the deficit by borrowing. Borrowing pushes the interest rates higher. People tend to invest less and lend more.
2. Restrictive (Contractionary) Fiscal Policy
Just as expansionary fiscal policy adds money and causes demands to rise, restrictive fiscal policy focuses taking money out of the economy by imposing taxes and reducing spending. This can generally happen when accommodated fiscal policy has already resulted in inflation due to increased demands of goods and services. Due to low circulation of money, people delay their plans related to spending. Dwindling demand eases prices a little.
Impacts on Cryptocurrencies
For cryptocurrencies and blockchain world, such policy can prove a nightmare. People get tired of paying taxes. Businesses feel the heat and unemployment can also see a rise. Lack of savings drives people to stay away from speculative assets. Those who save something try to resort to gold and government treasury bonds. However, the price action of Bitcoin ($BTC) over the years has proved that it can prove a hedge against devaluation of fiat currencies and inflation.
Granted that $BTC is far more volatile than gold, it has progressed at incredibly rapid rate. In 2010, we could buy 1 ounce of gold for 4738 $BTC. Now in 2025, only 0.0316 $BTC are required to buy the same amount of gold. This is despite the fact that the price of 1ounce of gold has risen from $1421 to $3632 during this period. But this proved to be no competition for $BTC, which rose from a paltry $0.30 to staggering $115,000. Therefore, many big investors are drifting to Bitcoin rather than Gold for long term hedging.
3. Balanced (Neutral) Fiscal Policy
Unlike the above-mentioned policies, balanced fiscal policy aims to keep spending and earning equal. The purpose of such policies is to keep economic growth at a stable level. When there is neither deflation nor inflation, a balanced policy can work efficiently. The implementation of a balanced policy means the economy is working at its fullest potential and it needs neither any stimulus nor any restraint.
Impacts on Cryptocurrencies
In the absence of any fear or unusual hope, crypto assets are left on their own. Their technical and fundamental analysis influence their price action. In a sense, it is a good situation for investors when no news from the outside world disturbs the market. Otherwise, expansionary or contractionary fiscal policy may bring news that can neutralize chart patterns and play havoc with all sorts of analyses.
Why a Fiscal Policy Is Needed
Inflation, deflation, unemployment, and devaluation of currency can weaken any economy. A rational fiscal policy can help a country fight against these issues. Stimuli provided by expansionary policy and restraints imposed by contractionary policy are the antidotes to the evils plaguing an economy. Countries have proved that an appropriate fiscal policy can help develop infrastructure that can result in enhanced trade activities and better overall economic growth. Increased spending can facilitate provision of enviable life standards as seen in Scandinavian countries.
Conclusion
On the whole, fiscal policy is a tool of the government to stabilize the economy by means of managing taxation and public spending. Accommodative fiscal policy dictates less taxation than spending. Contractionary policy taxes more than spends. A balanced policy keeps revenue and expenditures at equal levels.
Frequently Asked Questions
What is fiscal policy and why does it matter for cryptocurrencies?
Fiscal policy is how governments manage taxation and spending to stabilize the economy. It directly impacts people’s savings and spending power, which in turn affects investment in speculative assets like cryptocurrencies.
How does expansionary fiscal policy influence crypto markets?
Expansionary policy increases public savings by cutting taxes and boosting spending. This often drives people to invest in risk-on assets like Bitcoin and Ethereum, fueling strong market rallies, as seen during the 2020–2021 bull run.
What happens to crypto under contractionary fiscal policy?
Contractionary policy reduces money circulation through higher taxes and lower spending. This discourages investment in cryptocurrencies, pushing people toward safer assets like gold or treasury bonds. However, Bitcoin has still shown long-term resilience as a hedge against inflation.
Crypto
Bill aims to protect victims in NH from crypto ATM scams
Victims scammed at cryptocurrency ATMs in New Hampshire could be reimbursed if they report the fraud within 14 days under a bill that cleared the Senate Thursday. The bipartisan legislation aims to stem an increase in cryptocurrency scams that cost Granite Staters $22 million in 2024.
A crypto scam plays out like most financial fraud, except the scammer persuades the victim to deposit cash into a cryptocurrency ATM. Once the ATM converts the money into cryptocurrency, it becomes very difficult to trace and reclaim.
Hampton’s police chief told lawmakers just over $2.6 million was lost to scammers in his town in 2024. The average age of the victims was 66.
Sen. Virginia Birdsell, a Hampstead Republican, urged colleagues to pass the legislation in the Senate Thursday.
“This is becoming a scourge on our elderly,” she said.
Under the bill, cryptocurrency ATM operators would have to hold a person’s first deposit for 48 hours to give them time to cancel it if they detect a scam. Operators could not accept more than $2,000 a day from a person. And operators would have to refund a scam victim if the victim reports fraud to the operator and authorities within 14 days.
Nearly 25 other states have similar laws, though many allow a victim to be funded within 90 days of a deposit.
Massachusetts is suing a crypto ATM operator, Bitcoin Depot, for allegedly allowing criminals to scam victims with its machines. Maine reached a $1.9 million settlement with the same operator this year and is giving victims until Wednesday to file a claim.
The New Hampshire bill heads next to the House.
Crypto
Crypto ATM Count Falls to 38,928 as 597 Machines Exit the Market in Q1 2026
Crypto ATM Data 2026: 597 Net Removals
Recent figures show the global count of crypto ATMs edged close to the 40,000 mark this month, yet data recorded on March 29, 2026, reveals a net reduction of 769 machines. The year opened with a drop of 139 crypto ATMs, followed by the addition of 231 new installations in February.
An additional 80 units were installed at the beginning of March, according to Coin ATM Radar’s net growth logs, though the removal of 769 machines ultimately pushed the year’s total to a net loss of 597. As of this weekend, the global tally of crypto ATMs sits at 38,928 machines. Geographic data from Coin ATM Radar shows the U.S. holds 30,247 of those units, representing 77.7% of the total.
Canada follows with 3,839 crypto ATMs, accounting for 9.9% of the worldwide figure. Europe maintains 1,727 machines, or roughly 4.4% of the overall count of 38,928. Taken together, the U.S., Europe, and Canada host 35,813 machines, comprising 92% of the global share. The remaining 8% is distributed across Asia, Oceania, and other regions.
The crypto ATM tracking site further indicates that the top ten global operators collectively oversee 30,450 machines, representing 78.2% of the total. The industry’s leading provider is Bitcoin Depot, which runs a commanding 9,246 machines (23.8% market share). It is followed by Coinflip with 5,493 machines (14.1%) and Athena Bitcoin with 4,045 machines (10.4%).
Rockitcoin holds a solid footprint with 2,757 machines (7.1%), while Bitstop and Margo operate 2,372 (6.1%) and 2,138 (5.5%) machines, respectively. Stats further show that bitcoin ( BTC) remains the most widely supported asset, available across nearly all machines tracked worldwide by Coin ATM Radar.
Following bitcoin, altcoins as a collective category are supported by 38,910 machines, suggesting that nearly every ATM offering bitcoin also includes at least one alternative asset. Among individual altcoins, ethereum ( ETH) leads with support at 22,200 locations, closely followed by litecoin ( LTC) at 21,292 and tether ( USDT) at 19,894.
Roughly 91.6% of crypto ATMs are configured to facilitate cryptocurrency purchases, while the remaining machines support both buying and selling of digital assets. Logs from Coin ATM Radar offer a revealing snapshot of recent crypto ATM reductions in 2026, showing that the 40,000 threshold remains just out of reach for the industry at present.
Whether the crypto ATM count clears 40,000 this year depends largely on whether operators expand or continue pulling machines. The numbers show a market sorting itself out; large providers like Bitcoin Depot, Coinflip, and Athena hold the majority of installations, while smaller operators account for the gap. With North America controlling over three-quarters of the global count, the industry’s direction remains tied closely to conditions in a single market.
FAQ 🔎
- How many crypto ATMs are there in the world in 2026? As of March 29, 2026, Coin ATM Radar tracks 38,928 active crypto ATMs globally.
- Which country has the most Bitcoin ATMs? The United States leads with 30,247 machines, representing 77.7% of the worldwide total.
- Who is the largest crypto ATM operator in 2026? Bitcoin Depot operates 9,246 machines, giving it a 23.8% share of the global market.
- What cryptocurrencies do crypto ATMs support? Bitcoin is available at nearly all machines, with ethereum supported at 22,200 locations and litecoin at 21,292.
Crypto
Is Crypto Legal in Norway? EY Explains the Regulations
Global Legal Insight publishes a yearly print-and-digital series that investigates urgent themes in business and law with contributions from legal experts worldwide. In the 2025 volume on Blockchain and Cryptocurrency, Ernst & Young Tax and Law Norway wrote the country chapter, which addresses whether cryptocurrency is lawful in Norway and surveys how cryptoassets are positioned domestically under Norwegian regulation.
Norway generally permits cryptoasset ownership and trading, while placing the strongest compliance expectations on intermediaries that exchange, safeguard, or facilitate transfers for others.
Cryptocurrency Regulation in Norway: Institutions and Policy Signals
The chapter presents perspectives from the Financial Supervisory Authority of Norway, the Ministry of Finance, and the Norwegian Central Bank on current market conditions and responsible approaches to a fast‑moving sector. It also distills the operative legal framework and key tax rules for digital assets. In practice, the Financial Supervisory Authority of Norway is the primary supervisory body for many compliance questions that arise when a business provides crypto-related services (for example, exchange services or custody-like safeguarding for clients), while tax reporting and assessment are handled by the Norwegian Tax Administration.
For crypto businesses, the most relevant requirements typically relate to anti-money laundering compliance, including customer due diligence, transaction monitoring, and internal controls. Businesses that provide exchange services between cryptoassets and fiat currency, or that provide services for holding or administering cryptoassets on behalf of others, may need to register with the Financial Supervisory Authority of Norway before offering services, and should be prepared to document ownership and management, governance arrangements, risk assessments, routines for customer checks, and recordkeeping. If you are looking for a “crypto license” in Norway, the practical path is usually a registration-based process tied to anti-money laundering obligations rather than a single, universal license for all crypto activity.
Legal Status and Compliance Overview
This piece is a practical reference for readers seeking clarity on how Norway governs crypto asset activity. It delivers a concise, trustworthy roundup of regulation in Norway, touching on consumer protection and practical themes for participants in digital finance. For individuals, that often means understanding which activities are permitted, how to document transactions, and which authorities oversee intermediaries versus taxation.
From a consumer-use perspective, self-custody wallets such as Trust Wallet are generally available in Norway through standard app distribution channels, and individuals commonly use them as they do in other markets. Using a self-custody wallet does not typically require registration by the individual, but it does not remove tax obligations or documentation expectations; users should keep clear records of purchases, transfers, swaps, and disposals so gains, losses, and income can be reported correctly. Some banks and payment providers may apply their own risk controls around transfers to and from crypto platforms, so users may encounter practical friction even when the underlying activity is lawful.
PayPal availability for purchasing Bitcoin in Norway depends on the specific service route. Some crypto platforms may support PayPal-funded purchases or deposits in certain cases, but many do not due to chargeback and fraud-risk controls, and availability can vary by provider and user verification status. Where PayPal is supported, users should expect identity checks, potentially higher fees, and limits that depend on the platform’s compliance and risk settings.
To buy Tether in Norway, individuals typically use a crypto exchange or broker that lists the stablecoin and supports onboarding for Norwegian residents. The usual flow is to complete identity verification on the platform, fund the account using the supported payment method (commonly bank transfer or card, depending on the provider), and then place an order for the stablecoin. Practical banking considerations can matter, including a bank’s willingness to process payments to particular platforms and the platform’s own requirements for source-of-funds information.
Bitcoin mining is generally lawful in Norway, but it can trigger ordinary business, tax, and local compliance considerations depending on scale (for example, zoning, noise, and commercial electricity arrangements). Norway’s electricity pricing is market-based and can be attractive in some regions, but miners should not assume dedicated government subsidies specific to crypto mining; any favorable power costs typically come from standard industrial contracts, local grid conditions, or general schemes that are not exclusive to mining and may change based on policy and eligibility criteria.
On taxation, cryptoassets are generally treated as taxable assets in Norway, and taxpayers are expected to report disposals and income tied to crypto activity. As a rule of thumb, gains and losses on sales, exchanges between cryptoassets, and spending crypto can be taxable events, while income-like receipts (such as rewards that function like compensation or yield) may be taxed when received, with later disposal potentially creating an additional gain or loss based on value changes. The applicable tax rate will typically follow the ordinary income tax rate for individuals, and accurate recordkeeping is essential for cost basis, acquisition dates, fees, and fair value at the time of each taxable event.
Legal ways to reduce crypto-related taxes in Norway tend to be documentation- and planning-driven rather than loophole-driven. Common approaches include ensuring all allowable losses are captured and reported, deducting eligible transaction costs where permitted, maintaining consistent cost-basis tracking so gains are not overstated, and planning disposals with an eye to offsetting gains with realized losses when that matches the taxpayer’s broader financial situation. For higher-activity traders or mining operations, it can also be important to assess whether the activity resembles a business in substance, since that can affect how income, expenses, and reporting are treated under Norwegian rules.
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