Finland Launches a New Stage of Cryptocurrency Control

Finland Launches a New Stage of Cryptocurrency Control

Finland is preparing for a major update to its regulatory landscape: starting from 2026, the Crypto‑Asset Reporting Framework (CARF) is set to come into effect.
This means that all key crypto-asset operations — from purchasing to transferring and selling — will be subject to strict reporting to the tax authorities.

What Exactly Is Changing

Crypto‑Asset Service Providers (CASPs) in Finland will be required to collect a “large volume of information” about their clients — not only about transactions but also about users, their assets, and the movement of those assets.

Finland becomes one of the first countries in the EU to launch such a framework, potentially setting the tone for international cryptocurrency regulation.

There is pressure on Web3 startups, which may be less prepared for the complex reporting system and the high costs of adaptation.

Why It Matters

For the crypto industry, this is a signal: regulation is no longer just a trend but a reality. If a crypto company operates in the European market (or plans to), it needs to be ready for reporting requirements, regulatory oversight, and increased compliance costs. At the same time, such increased transparency can boost trust in the industry — which benefits legitimate players in the long term.

Possible Consequences

Operational costs: CASP companies may face significant expenses integrating new reporting systems, collecting, and processing data.

Barrier to entry: Smaller Web3 projects may struggle to adapt, which could reduce competition or leave only stronger companies on the market.

International impact: If Finland proves successful, other countries and regional blocs may adopt similar frameworks.

What to Do Now – Recommendations from FINANCEIQ HUB LTD

Compliance assessment (gap analysis)

Check whether your company is ready to quickly adapt to reporting requirements: do you have data collection systems, established KYC/AML mechanisms, and a budget for compliance?

Adaptation plan

Develop a roadmap — from technical integration to staff training — before the requirements become mandatory.

Consideration of alternative jurisdictions

If costs or regulatory risks in Finland or the EU seem too high — consider other jurisdictions, such as obtaining an MSB Canada license.

Banking solutions

Ensure a reliable banking infrastructure.

FINANCEIQ HUB LTD offers comprehensive business support:

✅ Obtaining a MiCA license in the EU – full support from documentation preparation to operational launch.
✅ MSB license in Canada – an ideal option for companies seeking alternative access to the global market outside the strict EU framework 🇨🇦.
✅ MSB license in the USA – the United States is now actively developing in the virtual assets space 🇺🇸. This is a major market worth attention.
✅ Account opening (operational, client funds, merchant, liquidity providers, on-ramp/off-ramp) – for MiCA, MSB, FMSB, high-risk businesses, and more 🏦.
✅ AML/CTF system setup, internal audit, policies and procedures – everything needed to avoid sanctions from regulators ⚙️.

Contact us for more.