---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "legal"]
aliases: ["FI", "FIN", "Suomi"]
created: 2026-06-01
updated: 2026-01-10
compile_into: ["[[country--finland]]"]
sources:
  - name: "FIN-FSA"
    url: "https://www.finanssivalvonta.fi"
    type: "official"
  - name: "EU [[concept--mica|MiCA]] Regulation"
    url: "https://eur-lex.europa.eu"
    type: "official"
---

# 🇫🇮 [[country--finland|Finland]] (FI) — Crypto Regulation

> Finland has a clear and legal regulatory framework for cryptocurrencies, governed under the Finnish Act on Virtual Currency Providers. The financial supervisory authority, Finanssivalvonta, oversees compliance and risk management in the crypto sector.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |
| Adoption Rank | #35 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 30% capital gains tax (34% above €30,000 annual gains) |
| Capital Gains (Corporate) | 20% corporate tax |
| VAT on Crypto | No |
| Mining Tax | Mining income (Proof-of-Work) is classified as earned income and taxed at progressive rates up to approximately 44% (combined national + municipal + church tax). Deductible expenses include electricity costs and equipment depreciation (25% annually, max 3-year life). Income is recognised when mined crypto is deposited into the wallet. |
| Staking Tax | Staking income (Proof-of-Stake) is classified as capital income taxed at 30% (up to €30,000) or 34% (above €30,000). Income is recognised at market value when new staking units are received. Different from PoW mining which is earned income. |

The regulator page does not specify detailed tax rates or rules for cryptocurrencies, but VAT does not apply to crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--fin-fsa|FIN-FSA]] |
| Framework | Markets in Crypto-Assets Regulation (MiCA) (EU Regulation 2023/1114) |
| Ease | medium |
| Cost | $25,000 - $150,000 |
| Timeline | 4-10 months |

Licensing is required under the Finnish Act on Virtual Currency Providers, with Finanssivalvonta as the regulator.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | <span style="color:var(--text-dim,#888)">&mdash;</span> |
| Travel Rule | <span style="color:var(--text-dim,#888)">&mdash;</span> |
| FATF Member | <span style="color:var(--text-dim,#888)">&mdash;</span> |

## DeFi

**Status:** Unknown

## Stablecoins

**Status:** Unknown

## NFTs

**Status:** Unclear

MiCA excludes unique NFTs. FIN-FSA follows ESMA classification guidance.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.075/kWh |
| Renewable Energy | 43% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a significant share of renewable energy. Infrastructure is good for mining operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Sanctions | <span style="color:var(--text-dim,#888)">&mdash;</span> |

## Enforcement

FIN-FSA has revoked registrations from non-compliant virtual currency providers and issued warnings about crypto risks.

## CBDC Status: exploring

## FAQ

### Is cryptocurrency legal in Finland?

Finland has a clear and legal regulatory framework for cryptocurrencies, governed under the Finnish Act on Virtual Currency Providers. The financial supervisory authority, Finanssivalvonta, oversees compliance and risk management in the crypto sector.

### Are VASPs licensed in Finland?

Yes, licensing is required for VASPs.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [FIN-FSA](https://www.finanssivalvonta.fi)
- [EU MiCA Regulation](https://eur-lex.europa.eu)