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Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇫🇮 Finland

FIN-FSA runs a compressed 6-month MiCA transition, tightening a regime previously built on national VASP registration.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Toimilupa (authorisation) as an e-money institution under the Act on Payment Institutions (Laki maksulaitoksista, 297/2010), transposing EMD2; a lighter registration-only regime exists for issuers whose average outstanding e-money does not exceed EUR 5 million (exempt/small e-money issuer tier)

Verified 2026-07-02 Source: FIN-FSA: https://www.finanssivalvonta.fi/en/financial-market-participants/banks/authorisations-registrations-and-notifications/payment-service-providers/ ; Finlex: https://finlex.fi/fi/esitykset/he/2011/20110002

Regulator

Finanssivalvonta (Financial Supervisory Authority, FIN-FSA)

Verified 2026-07-02 Source: FIN-FSA: https://www.finanssivalvonta.fi/en/

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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EMIs authorised 🔒

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Key restrictions 🔒

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Safeguarding 🔒

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Recent changes

FIN-FSA introduced a new model for submitting financial information in payment institutions' authorisation applications during 2026, and a new processing fee schedule took effect 1 January 2026, signaling active modernisation of the authorisation pipeline. No Finland-specific PSD3/PSR transposition milestone found beyond the general EU timeline.

Verified 2026-07-03 Source: FIN-FSA: https://www.finanssivalvonta.fi/en/publications-and-press-releases/supervision-releases/2026/new-model-for-submitting-financial-information-in-payment-institutions-authorisation-applications/

Difficulty rating 🔒

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The decision numbers for Finland are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Finland's regulator and qualified local counsel before acting.