---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["FI", "FIN", "Suomi"]
created: 2026-09-13
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"
  - name: "Finnish Tax Administration: crypto assets"
    url: "https://www.vero.fi/en/individuals/property/investments/virtual-currencies"
    type: "official"
  - name: "taxsummaries.pwc.com"
    url: "https://taxsummaries.pwc.com/quick-charts/corporate-income-tax-cit-rates"
    type: "reference"
---

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

> Finland regulates cryptocurrency under the EU Markets in Crypto-Assets Regulation (MiCA), requiring crypto service providers to obtain EU licenses. The Finnish Financial Supervisory Authority (Finanssivalvonta) oversees compliance, including AML and marketing practices for crypto assets.

## 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 income tax (34% on capital income above EUR 30,000) |
| Capital Gains (Corporate) | 20% corporate income tax |
| VAT on Crypto | No |
| Mining Tax | Taxed as business income |
| Staking Tax | Taxed as income |
| Airdrop Tax | Taxed as income |

Gains from exchanging or using crypto (sale for euros, crypto-to-crypto swaps, paying for goods or services) are capital income taxed at 30%, rising to 34% on capital income above EUR 30,000. Staking-type rewards are taxed as capital income on receipt and mining as earned income. Companies pay 20% corporate income tax. Exchanging crypto for fiat is VAT exempt.

## 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 |

Crypto service providers must obtain EU-wide licenses under MiCA, with Finanssivalvonta supervising Finnish entities.

## Laws & Regulations

| Name | Year | Status | Scope |
|------|------|--------|-------|
| [Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) | 2023 | active | supranational |
| [Regulation (EU) 2023/1113 on Transfer of Funds and Certain Crypto-Assets (TFR)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1113) | 2023 | active | supranational |
| [Council Directive (EU) 2023/2226 (DAC8)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023L2226) | 2023 | active | supranational |
| [Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector (DORA)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32022R2554) | 2022 | active | supranational |
| [Directive (EU) 2018/843 (5th Anti-Money Laundering Directive)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32018L0843) | 2018 | active | supranational |
| [Directive (EU) 2018/1673 on Combating Money Laundering by Criminal Law (6AMLD)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32018L1673) | 2018 | active | supranational |
| [Regulation (EU) 2024/1624 on Anti-Money Laundering Requirements (AML Regulation)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624) | 2024 | active | supranational |
| [Commission Delegated Regulation (EU) 2024/2795 supplementing MiCA](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R2795) | 2024 | active | supranational |

Establishes a comprehensive EU framework for crypto-asset service providers (CASPs), stablecoin issuers (ART/EMT), and trading platforms; prohibits market abuse in crypto-assets; full application from 30 December 2024.
Extends [[concept--fatf|FATF]] Travel Rule to crypto-asset transfers; requires CASPs to collect and transmit originator/beneficiary information for all transfers, removing the EUR 1000 threshold; applies from 30 December 2024.
Amends Directive 2011/16/EU to require mandatory automatic exchange of information on crypto-asset transactions held by EU tax residents; CASPs must report to national tax authorities from 1 January 2026.
Mandates ICT risk management, incident reporting, third-party provider oversight, and digital operational resilience testing for financial entities including CASPs covered by MiCA; applies from 17 January 2025.
First EU directive to bring crypto-asset exchange services and custodian wallet providers within AML/CFT scope; introduced KYC obligations and registration requirements for Virtual Asset Service Providers.
Harmonises criminal-law definitions and penalties for money laundering across EU member states; establishes minimum custodial sentences and corporate liability rules applicable to crypto-related ML offences.
Replaces 5AMLD/6AMLD with a single AML Regulation directly applicable in all member states; tightens KYC/CDD requirements for CASPs and sets EUR 1000 cash-equivalent threshold for crypto transactions; phased application 2027.
MiCA Level 2 delegated act setting regulatory technical standards on information requirements and procedures for competent authority notifications under MiCA; part of the MiCA implementation package applicable from December 2024.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** regulated

DeFi activities fall under the scope of MiCA and related EU regulations, requiring compliance with licensing and AML rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under MiCA, requiring authorization and compliance with prudential and consumer protection rules.

## 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 | excellent |

Finland offers favorable conditions for mining with relatively low electricity costs and a high share of renewables. Infrastructure is excellent with strong internet and data center facilities.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |
| Sanctions Programs Active | Yes |

## Enforcement

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

## CBDC

| Field | Value |
|-------|-------|
| Status | cancelled |
| Name | Avant |
| Authority | Bank of Finland |
| Type | retail |

## FAQ

### Is cryptocurrency legal in Finland?

Finland regulates cryptocurrency under the EU Markets in Crypto-Assets Regulation (MiCA), requiring crypto service providers to obtain EU licenses. The Finnish Financial Supervisory Authority (Finanssivalvonta) oversees compliance, including AML and marketing practices for crypto assets.

### What is the FATF status of Finland?

Finland is classified by FATF as: compliant.

### Are VASPs licensed in Finland?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Finland?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-13.*

**Sources:**
- [FIN-FSA](https://www.finanssivalvonta.fi)
- [EU MiCA Regulation](https://eur-lex.europa.eu)
- [Finnish Tax Administration: crypto assets](https://www.vero.fi/en/individuals/property/investments/virtual-currencies)
- [taxsummaries.pwc.com](https://taxsummaries.pwc.com/quick-charts/corporate-income-tax-cit-rates)