licencemap
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Matrix / Finland

🇫🇮 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 2026-07-02 Next review 2026-07-16

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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Passporting 🔒

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EMIs authorised 🔒

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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 2026-07-02 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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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.