Finnish rules affecting the current and new virtual currency providers (i.e. cryptocurrency providers) have now come into force. As referred in our previous blog post, the Act on Virtual Currency Providers (572/2019) applies as of 1 May 2019. The Finnish Financial Supervisory Authority (the “FIN-FSA”) has also issued its Regulations and Guidelines 4/2019 concerning virtual […]

The Finnish Ministry of Finance recently published a draft government bill for legislation on virtual currency providers. The proposed legislation would partly implement the fifth Anti-Money Laundering Directive (2018/843/EU) in Finland. If the bill is passed, Finnish law would for the first time regulate virtual currencies and their providers. According to the draft rules, anyone […]