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ARTICLE · 06 FEBRUARY 2023

How To Be A VASP In Finland

Nordic Law
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VASP, EMI, PI, AIF, AIFM… The mystical world of Financial Technology (Fintech) is filled with strange abbreviations and phrases, and their legal status can from the outside appear even more mind-boggling.

FinlandTechnology
Jon Hautamäki
Jon Hautamäki

VASP, EMI, PI, AIF, AIFM... The mystical world of Financial Technology (Fintech) is filled with strange abbreviations and phrases, and their legal status can from the outside appear even more mind-boggling. Whilst these different kinds of Fintech structures might seem highly complex on the surface, with the right expertise, their practical implementation does not need to be that ambiguous.

In this new 4-part series, we will step-by-step go through the practical side of all relevant Fintech structures, from the birth of a business idea to the practical functioning of a registered Fintech company.

In this first part of our Fintech in Practice series, we will analyse how to obtain a Virtual Asset Service Provider (VASP) registration in Finland and, further, how to function as a VASP in the current ever-changing legal jungle of new emerging technologies.

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