Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    NewsBitcoinCrypto

    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?

    At the 2025 Bitcoin Conference in Las Vegas, Donald Trump Jr. and…

    By
    Jane Omada Apeh
    May 29, 2025
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    NewsCrypto
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    May 29, 2025
    Trump’s Tariffs Ruled Illegal
    NewsCryptoMarket
    BREAKING: Trump’s Tariffs Ruled Illegal, Arthur Hayes Reacts with Bold Call
    May 29, 2025
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    NewsCrypto
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    May 29, 2025
    image 281
    CryptoMarketNewsSponsored Article
    Too Late for Dogwifhat? This Presale’s Still at $0.00001458—and Aiming for a 3541% Run
    May 29, 2025
  • Cryptocurrency
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    Trump Sons Say Bitcoin Will Hit $175K But What Role Did Saylor Play?
    6 Min Read
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    Eric Adams Just Declared War on BitLicense Why Crypto Giants Are Cheering
    6 Min Read
    Trump’s Tariffs Ruled Illegal
    BREAKING: Trump’s Tariffs Ruled Illegal, Arthur Hayes Reacts with Bold Call
    6 Min Read
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    Controversial Exit: Musk’s Frustrating Time in DOGE Revealed
    8 Min Read
    image 281
    Too Late for Dogwifhat? This Presale’s Still at $0.00001458—and Aiming for a 3541% Run
    9 Min Read
    image 277
    PEPE Price Prediction 2025: Can Pepe Coin 3x? While Troller Cat’s 35x Presale Steals the Spotlight
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Norway’s High-Stakes Crypto Gamble Under Fire: Risk or Reward?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Norway’s High-Stakes Crypto Gamble Under Fire: Risk or Reward?
CryptoNews

Norway’s High-Stakes Crypto Gamble Under Fire: Risk or Reward?

Norway’s Billion-Dollar Crypto Bet Faces Scrutiny: What’s at Stake?
Norway’s Billion-Dollar Crypto Bet Faces Scrutiny: What’s at Stake?
Jonathan Swift
Last updated: December 3, 2024 12:04 pm
By
Jonathan Swift
Published December 3, 2024
3 Min Read
Share

Norway’s Government Pension Fund Global (GPFG), managing $1.8 trillion in assets, has scheduled an extensive review of its holdings in cryptocurrency and gambling for 2025 stemming from worries over laundering illicit cash. This probing, spearheaded by the ethics body for the reserve, emphasizes Norway’s dedication to morally upright placing of funds and might dictate important changes to allocations.

Contents
Council on Ethics Targets High-Risk SectorsGPFG’s Expanding Crypto PortfolioHistorical Precedents in Ethical DivestmentBalancing Diversification with Ethical StandardsFinal Thoughts

Recently, some have argued that streamlining such sectors could allow for improved tracking of suspect transactions while others maintain these venues overall pose relatively little threat compared to traditional financial institutions.

Norway’s Billion-Dollar Crypto Bet Faces Scrutiny: What’s at Stake?

Council on Ethics Targets High-Risk Sectors

The Council on Ethics, which oversees upholding ethical standards established by lawmakers, intends to scrutinize businesses operating in controversial markets. Cryptocurrencies and gambling are viewed as prone to harbour illicit money flows. According to a council paper from October 10th, 2024, these high-risk sectors will find themselves under the microscope in the year ahead. Should firms neglect ethical obligations or refuse cooperation, the council maintains the power to prompt divestment or designate non-compliance publicly.

GPFG’s Expanding Crypto Portfolio

The GPFG has notably diversified into cryptocurrency in recent years, most prominently acquiring a $453 million stake in Coinbase valued at 0.83% of the company. Additionally, it owns shares in Marathon Digital and Block Inc., both of which are deeply involved in crypto. This strategic variation aims to boost long-term returns through emerging areas. However, it also brings intricate complications regarding ethical adherence and regulatory oversight.

Historical Precedents in Ethical Divestment

Previously, the GPFG has barred 189 companies for causing nuclear arms production, coal reliance, severe eco harm, human rights violations, or sizable corruption. Remarkable exclusions comprise Airbus and Boeing for their roles in atomic weapons manufacture, and Glencore and RWE for coal-centered operations. Such behaviour mirrors the fund’s dedication to accountable investment and its impact on promoting corporate responsibility.

Norway’s Billion-Dollar Crypto Bet Faces Scrutiny: What’s at Stake?

Balancing Diversification with Ethical Standards

While cryptocurrencies present opportunities due to their lack of correlation with traditional assets, serious considerations require addressing. Bitcoin mining expends vast amounts of energy in processes that conflict with environmental aims. Furthermore, cryptocurrency’s decentralized anonymity raises problems with enabling unlawful acts such as money laundering. Upcoming Council reviews will tackle these issues to ensure compliance with ethical commitments.

Final Thoughts

The fund’s proactive examination of high-risk sectors like cryptocurrency and gambling highlights an evolving ethical investing landscape. As digital currencies integrate further into worldwide finance, institutional investors face balancing progress and accountability. Evaluations ahead of time will affect the portfolio and could establish universal ethical standards for investment communities globally. This initiative underscores the necessity for vigilance and flexibility in preserving integrity amid rapid technological changes.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Qubetics ($TICS) Unlocks Decentralized VPNs, Terra Classic Makes a Comeback, and Filecoin Redefines Storage: Best Coins to Invest in January 2025

Stablecoin Market Capitalisation Hits Historic Peak of $168 Billion

Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan

Token Burns Begin for BONK: Will the Price Rise?

Japan’s METI Launches Blockchain Pilot for RWA Tokenization

TAGGED:$1.8 trillion in assetsCryptoGovernment Pension Fund Global (GPFG)Norway

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJonathan Swift
Follow:
A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.
Previous Article Everything Bubble and its impact on markets like Bitcoin and stocks. The design features a large glowin “Everything Bubble” Expands: Bitcoin and Stocks Poised for Historic Gains!
Next Article Coinbases stance against anti crypto practices. The design features the Coinbase logo prominently alongside a glowing Bitco Coinbase CEO Criticizes Anti-Crypto Legal Firms: “Ethics Violated!”
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English