How to Buy Cryptocurrency in Finland

Buying cryptocurrency in Finland

Buying cryptocurrency in Finland There are no specific regulations regarding cryptocurrencies or cryptocurrency trading in Finland. What�s more, there seems to be no proposed legislation pending in Parliament either. Having this in mind, several agencies have expressed their views on cryptocurrencies. In 2017, the Finnish Financial Supervisory Authority labeled cryptocurrencies as risk-filled investment alternatives, but also noted that depending on ICO, there might be regulatory effects of the purchase. The Central Bank affiliates went so far as to call Bitcoin revolutionary, functional and useful in 2017. Instructions for income tax of digital currencies, including Bitcoin, were issued by the Finnish Tax Authority (Vero Skatt) in 2013. When such currency is used as a payment method for goods or services, it is regarded as a trade and value increase the currency might have gained after it was obtained is, therefore, taxable. Reportedly, Bitcoin sales have resulted in millions in revenue for the Finnish Tax Authority.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Finland. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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