---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["AX", "ALA", "Åland"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--land-islands]]"]
sources:
  - name: "FIN-FSA"
    url: "https://www.finanssivalvonta.fi"
    type: "official"
---

# 🇦🇽 [[country--land-islands|Åland Islands]] (AX) — Crypto Regulation

> Åland Islands follows the Finnish regulatory framework for virtual currency providers and is subject to the EU Markets in Crypto-Assets Regulation ([[concept--mica|MiCA]]), providing a clear and legal environment for crypto activities.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 27/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--eur|EUR]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

No specific tax details provided on the regulator page; 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) and Finnish virtual currency provider law |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing follows EU MiCA framework and Finnish laws, requiring compliance with standard financial regulations.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the EU MiCA framework and Finnish financial regulations.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the EU Markets in Crypto-Assets Regulation (MiCA).

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a good infrastructure environment.

## Geopolitics

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

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: unknown

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [FIN-FSA](https://www.finanssivalvonta.fi)