Regulation · Finland
Crypto regulation in Finland
Last updated: 1 May 2026
At a glance
- MiCA applicable: ✓ Yes (since 2024-12-30)
- Competent authority: Finanssivalvonta (FIN-FSA)
- Capital-gains rate: 30% (up to €30,000) and 34% (above €30,000)
- First EU country with a full MiCA CASP licence (Coinmotion, 2024-12-30)
- Tax filing: Verohallinto Form 9 (capital gains)
1. Finanssivalvonta — the EU’s first MiCA regulator
Finland’s financial supervisor Finanssivalvonta (FIN-FSA) is unique in the EU — it was one of the first to actively prepare for MiCA and issue the first CASP licences on the EU market. Coinmotion (Prasos Oy) received the first MiCA CASP licence on 30 December 2024 — the same day MiCA came into full force.
FIN-FSA also maintains a public registry of all licensed CASPs in English: finanssivalvonta.fi/en/registers.
2. For Latvian users — access to Finnish CASPs
Through the MiCA passport mechanism, any CASP licensed in Finland can offer services in all 27 EU member states, including Latvia. That means:
- Coinmotion, Northcrypto, and other Finnish CASPs can be legally used from Latvia without additional registration with Latvijas Banka
- Complaints are routed to FIN-FSA, not the LV supervisor (but with Latvian consumer protection rights)
- KYC and AML requirements apply per Finland’s implementation, which is harmonised with the EU directive
3. Taxes in Finland — Verohallinto
3.1. Capital-gains rate
Finland’s progressive capital-gains tax rates (2026):
- Up to €30,000 — 30%
- Above €30,000 — 34%
Unlike Latvia (a flat 20% rate), Finland uses a progressive scale, which makes larger capital gains relatively more expensive.
3.2. Filing
Crypto transactions are filed via Verohallinto Form 9 (the Capital gains form) in the MyTax (OmaVero) system. The deadline is usually in May for the previous calendar year.
Cost-basis method: Verohallinto accepts FIFO and specific identification (the “hankintameno-olettama” 20% deemed-acquisition-cost method is also available).
3.3. Exemptions
- €1,000 threshold exemption — if total capital gains in the year do not exceed €1,000, you are not required to file
- Mining and staking are taxed as earned income (up to a 56% combined burden)
4. Advertising regulation
In Finland, crypto advertising is subject to the Consumer Protection Act, Finanssivalvonta guidelines, and MiCA Article 88. Overall the requirements are similar to Latvia’s, but FIN-FSA is more active in market supervision and issues public statements about non-compliant advertising.
5. The biggest historical players
- Coinmotion (Prasos Oy) — Finland’s first exchange (2017), the first MiCA CASP
- Northcrypto (Northcrypto Oy) — the second MiCA CASP, with published Proof of Reserves
- LocalBitcoins — a former P2P exchange, shut down in 2023 because of regulation
Disclaimer
This is a general informational overview, not legal or tax advice. For specific questions, consult a licensed Finnish lawyer or accountant.