🇸🇪 Sweden

Finansinspektionen-authorised CASP regime with a very thin approvals count, 1 CASP confirmed as of the latest tracker read

Crypto (CASP / VASP) E-money (EMI)

Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 47 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Included with access Timeline to authorisation Included with access Application cost Included with access Passporting Included with access

Licence type

Tillstand att ge ut elektroniska pengar (e-money institution licence) under lagen (2011:755) om elektroniska pengar, transposing EMD2; a lighter-touch registration tier ('registrerad utgivare av elektroniska pengar' for small-scale issuers below EMD2 thresholds) also exists

Verified 3 days agoSource: Current national regulator authorisation material: https://www.fi.se/en/payments/apply-for-authorisation/electronic-money/

Regulator

Finansinspektionen (FI, the Swedish Financial Supervisory Authority)

Verified 3 days agoSource: Current national regulator authorisation material: https://www.fi.se/en/payments/apply-for-authorisation/electronic-money/

Capital requirement

Timeline to authorisation

Local substance ⓘ

Application cost

Ongoing cost

Passporting ⓘ

EMIs authorised ⓘ

Key restrictions

Safeguarding

Recent changes

PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension.

Verified 3 days agoSource: https://data.consilium.europa.eu/doc/document/ST-8222-2026-INIT/en/pdf ; https://data.consilium.europa.eu/doc/document/ST-8221-2026-INIT/en/pdf ; https://oeil.europarl.europa.eu/oeil/en/procedure-file?reference=2023%2F0209%28COD%29

Difficulty rating ⓘ

You have seen the shape. The numbers are one pass away.

Capital, timeline, costs, substance, passporting, restrictions and difficulty for Sweden, each with its source and verification date, unlock with the one-off Founder Pass: £349, 30 days, everything included. Need it board-ready without doing the work? A bespoke report answers your exact question for £950.

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Sweden's regulator and qualified local counsel before acting.