Cryptocurrency is legal in Finland under the comprehensive regulatory framework established by the EU's Markets in Crypto-Assets Regulation, which became fully applicable on December 30, 2024. The Finnish Financial Supervisory Authority serves as the primary regulator, requiring all crypto-asset service providers to obtain authorization and maintain registration in a public register (1). Finland repealed its national Act on Virtual Asset Service Providers to align with MiCA, replacing one of the EU's most rigorous domestic regimes with a harmonized framework shared across all member states (2).
Crypto-assets are treated as property rather than legal tender in Finland, though they serve as investment objects and payment instruments. The regulatory framework divides crypto-assets into two categories: asset-referenced tokens and electronic money tokens that aim to stabilize value by referencing another asset or currency, and other crypto-assets including utility tokens that do not stabilize their value (1). Issuing ARTs and EMTs requires authorization, while issuance of other crypto-assets does not require authorization but still mandates creation of a crypto-asset white paper containing mandatory disclosures about the issuer, project funding, rights and obligations, underlying technology, and associated risks (1).
"Any entity providing crypto-asset services in Finland must obtain authorisation from a regulatory authority, such as the Financial Supervisory Authority in Finland."
Finland adopted a transitional regime allowing crypto-asset service providers that operated under the VASP Act before December 30, 2024, to continue activities until June 30, 2025, or until they receive CASP authorization, provided they submitted license applications by October 30, 2024. The Finnish Tax Administration treats virtual currencies as taxable assets, with income from crypto mining and trading subject to income tax (2). Capital gains taxation applies at rates between 30-34% for individuals depending on the amount, while businesses face 20% corporate income tax on cryptocurrency-related profits (2).
Source:
https://www.finanssivalvonta.fi/en/financial-market-participants/capital-markets/crypto-asset-activities/
https://multilaw.com/ZENTSO/BusinessGuides/Presentation/Section_Home.aspx?GuideId=2&GuideCountry=Finland&GuideSection=915
Last updated: 18-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
