😱 Norway 🇳🇴 will investigate cryptocurrency companies and gambling operators for ethical violations ⛔

😱 Norway 🇳🇴 will investigate cryptocurrency companies and gambling operators for ethical violations ⛔
As part of a broader commitment to consumer protection and ethical governance, the Norwegian Sovereign Fund, with assets of $1.8 trillion, will launch a detailed investigation into cryptocurrency companies and gambling operators for possible violations of ethical principles. The investigation, led by the fund's Ethics Council, may result in penalties for companies that fail to meet established standards. Epic move 🙈.

🔣 Why the investigation?

⭐ The Norwegian Sovereign Fund, with holdings in approximately 8,700 companies globally, operates under a strict ethical framework.

⭐ High-risk sectors: Cryptocurrencies and gambling present significant money laundering risks. The Ethics Council seeks to ensure that companies in these sectors follow responsible practices.

⭐ Possible outcomes: Companies that fail to comply with ethical guidelines may face penalties or be excluded from the fund's portfolio.

🔣 What does this involve?
The Ethics Council announced that in 2025 it will focus on cryptocurrency companies and gambling operators. The fund's main holdings in these sectors include:

⭐ 0.83% stake in Coinbase ($453 million)

⭐ 2.13% stake in Flutter Entertainment ($691 million)

⭐ 0.87% stake in MGM Resorts ($121 million)

🔣 Looking ahead: Norway maintains a state gambling monopoly supervised by two operators. However, there is a growing movement for reforms:

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