Crypto License in Finland (2026)

What the application requires

• An application with the contents of MiCA Article 62 and Delegated Regulation (EU) 2025/305: contact details with an LEI, constitutional documents and a three-year programme of operations with financial forecasts under stress scenarios
• Descriptions of prudential safeguards and minimum capital under MiCA Article 67; a firm that also holds a payment institution authorisation under the Act on Payment Institutions (297/2010) meets both sets of prudential rules separately
• Governance arrangements under Article 68, including internal control functions, complaints handling, conflicts of interest, a wind-down plan, record keeping, market abuse prevention and whistleblower procedures under Finland's Act 1171/2022
• A business continuity plan, and descriptions of information systems including DORA compliance
• Anti-money-laundering, counter-terrorist-financing and sanctions policies, risk assessments and controls, for which the FIN-FSA publishes guidance for crypto-asset service providers
• Fit and proper assessments of management and of owners under the joint EBA and ESMA guidelines EBA/GL/2024/09
• A description of how client assets are segregated and safeguarded (MiCA Article 70), plus the service-specific statements of Articles 75 to 82 for each service applied for
• EUR 8,700 processing fee on application, or EUR 3,500 for an Article 60 notification (FIN-FSA schedule from 1 January 2026)

The application process

1. 1

   Determine whether you apply or notify

   A new entrant applies for an Article 63 authorisation; a deposit bank may notify for every service, and a CSD, investment firm, e-money institution, fund management company, AIF manager or stock exchange may notify for the services its authorisation type allows, at least 40 working days before starting

2. 2

   Build the application file

   The FIN-FSA lists the file item by item against Delegated Regulation (EU) 2025/305 and points applicants to ESMA's supervisory briefing; the fee schedule budgets 65 hours of FIN-FSA handling for an authorisation

3. 3

   File with the FIN-FSA

   The FIN-FSA confirms receipt in writing within 5 working days and invoices the EUR 8,700 processing fee whether the decision is positive or negative

4. 4

   Completeness check and assessment

   Completeness is assessed within 25 working days without judging quality; a file still incomplete after a supplement request can be left unexamined; once complete, the 40 working day assessment runs, paused at most once for up to 20 working days

5. 5

   Authorisation and register entry

   The decision is notified within 5 working days of being taken; the firm is entered in the FIN-FSA's public list of supervised entities and may passport to other EU and EEA states by notification, which the fee schedule prices at EUR 585

Costs and taxation

The FIN-FSA's processing fee schedule applying from 1 January 2026 sets EUR 8,700 for a crypto-asset service provider authorisation (65 hours of handling included, EUR 133 per further hour), EUR 3,500 for an Article 60 notification (25 hours), EUR 585 for a cross-border passporting notification and EUR 1,850 for any other MiCA permission or decision. On top of the MiCA Annex IV capital floor, an authorised firm pays the FIN-FSA's annual supervision fee, a statutory levy under the Act on the Financial Supervisory Authority's Supervision Fees (1209/2023) that the FIN-FSA says covers about 90 percent of its funding; the crypto-asset provider basis for that levy was not on the pages read for this draft.

Corporate income tax is 20 percent for limited companies and cooperatives, per the Finnish Tax Administration. On 28 April 2026 the government proposed cutting the rate to 18 percent and extending the loss carry-forward period to 25 years, to apply from the 2027 tax year if enacted.

Who is licensed today

Authorised Finnish crypto-asset service providers are entered in the FIN-FSA's public list of supervised entities under Undertakings operating in the capital markets, and providers passported from other member states appear in its list of notifications. The FIN-FSA's press release of 3 April 2025 counted thirteen registered virtual currency providers under the old act and eight MiCA applications received; its blog of 2026 states that it granted five crypto-asset service provider authorisations during 2025. The list itself renders as a search tool, so no count was read from it for this draft. See the official register.

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