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Crypto firms in Norway’s wealth fund face ethics probe in 2025: report

Author: Content Editor
Norway's sovereign wealth fund, the largest in the world with $1.8 trillion in investments, is conducting investigations into crypto and gambling firms listed in its portfolio over money laundering risks. The fund's ethics council will investigate companies such as Binance and Marathon Digital. The council is responsible for ensuring that the fund's invested companies operate ethically and will recommend divestment or placement on a public watch list if violations are found. The fund has previously excluded companies for ethical violations, including those involved in nuclear weapons, coal energy, and human rights abuses. It is also concerned about the environmental impact of crypto mining and has introduced regulations to limit or eliminate it in the country.

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