Åland Islands follows the EU Markets in Crypto-Assets Regulation (MiCA) and Finnish Act on Crypto Asset Service Providers, requiring crypto service providers to have EU licenses. The regulator Finanssivalvonta monitors crypto marketing and enforces compliance, indicating a clear and regulated crypto environment.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | europe |
| Currency | EUR |
| VAT on Crypto | Yes |
Crypto service providers must comply with EU regulations including VAT rules; specific tax rates for crypto gains and staking are governed under Finnish tax law.
| Required | Yes |
| Regulator | FIN-FSA |
| Framework | Markets in Crypto-Assets Regulation (MiCA) and Finnish Act on Crypto Asset Service Providers (Act 402/2024) |
| Ease | medium |
Crypto service providers must obtain an EU license to operate in Åland Islands, as it follows Finnish and EU regulations.
Enforcement focused on unlicensed operators and consumer protection
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are subject to EU regulations under MiCA and Finnish law, requiring compliance with licensing and AML rules.
Status: regulated
Stablecoins are regulated under the EU MiCA framework applicable in Åland Islands.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and 30% renewable energy share; infrastructure is good due to EU standards.
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Åland Islands benefits from stable EU governance, strong rule of law, and open banking environment with no sanctions or major risks.
Åland Islands follows the EU Markets in Crypto-Assets Regulation (MiCA) and Finnish Act on Crypto Asset Service Providers, requiring crypto service providers to have EU licenses. The regulator Finanssivalvonta monitors crypto marketing and enforces compliance, indicating a clear and regulated crypto environment.
Åland Islands is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-08 · Data source: Soken Crypto Legal Map
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