Finland offers a well-regulated crypto environment with clear licensing requirements from the Financial Supervisory Authority. The country provides strong consumer protections and transparent tax treatment.

Virtual currency providers must register with FIN-FSA and comply with AML requirements.

All entities providing crypto-asset services in Finland must obtain an authorization from the Finnish Financial Supervisory Authority (FIN-FSA) under the national Act on Crypto-Asset Service Providers and Crypto-Asset Markets (402/2024), which implements the MiCA Regulation. The authorization is required for a broad range of services, including the custody and administration of crypto-assets, the operation of a trading platform, the exchange of crypto-assets for fiat or other crypto-assets, and the provision of advice on crypto-assets. The application process is rigorous, demanding compliance with stringent financial market requirements. Key requirements include demonstrating robust management competence, maintaining adequate own funds (capital requirements), ensuring high standards of data transparency, and implementing comprehensive information security protocols. Existing virtual currency providers were subject to a short transitional period, ending on June 30, 2025, to apply for the new MiCA authorization to continue operations. The FIN-FSA maintains a public register of authorized CASPs.

The Finnish Tax Administration (Vero) treats crypto assets as assets, and profits from their disposal are taxed as capital income. A taxable event occurs upon exchange for fiat, exchange for other crypto, or use for purchases. For individuals, the capital gains tax rate is progressive: 30% for capital income up to €30,000 and 34% for the portion exceeding €30,000. Income from crypto mining (Proof-of-Work) is generally taxed as earned income at progressive municipal and state income tax rates, with related expenses being deductible. Rewards from staking (Proof-of-Stake) are taxed as capital income. The exchange of virtual currencies for legal tender is considered a financial service and is VAT-exempt. A significant change is the implementation of the EU's DAC8 and the OECD's CARF, which, starting in tax year 2026, will require crypto service providers to collect and report extensive information on users' transactions to Vero, significantly enhancing tax transparency and reporting obligations.

Banking access for authorized Crypto-Asset Service Providers (CASPs) in Finland is generally available, though it can be challenging due to the cautious approach of traditional banks. The regulatory clarity provided by the MiCA framework and the national Act on Crypto-Asset Service Providers is expected to improve the situation for licensed entities. Major Finnish banks, such as Nordea and OP Financial Group, have shown increasing engagement with the crypto space. Nordea, for instance, has begun offering customers access to crypto-linked Exchange-Traded Products (ETPs). While direct banking for CASPs may still require specialized compliance, the overall environment is becoming more accommodating, especially for licensed firms. International fintech banks and services like Revolut, Amnis, and Bankera are also noted as providing crypto-friendly accounts and SEPA transfer services to Finnish users and businesses.

https://www.finanssivalvonta.fi/en/financial-market-participants/capital-markets/crypto-asset-activities/ https://www.finanssivalvonta.fi/en/publications-and-press-releases/Press-release/2025/requirements-for-crypto-asset-services-have-tightened-with-the-mica-regulation--consumers-still-need-to-be-careful/ https://www.vero.fi/en/individuals/property/investments/virtual-currencies/ https://www.vero.fi/en/detailed-guidance/guidance/48411/taxation-of-virtual-currencies3/ https://nordisketax.net/pages/en-GB/taxation/?country=finland&topic=tax-rates https://www.nordea.com/en/news/nordea-to-offer-customers-access-to-an-exchange-traded-product-tracking-bitcoin https://www.transfi.com/blog/usdt-payout-and-collection-in-finland---op-financial-group-and-nordea