Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Finland Financial Regulator Takes on Crypto Supervisory Role

written by

Support free journalists: > send a tip

The Financial Supervisory Authority in Finland (FIN-FSA) will now take on a formal role as a registration and supervision authority for the cryptocurrency industry, in a week that sees new legislation enter into force. participants as new legislation comes into force this week.

The new Act on Virtual Currency Service Providers will be effective from 1 May, and the financial watchdog will now be required by statutes to register all crypo exchanges, wallet providers and crypto issuers with a registered operation in Finland.

FIN-FSA has said that this new legislation was drafted based on the European Union (EU) Fifth Anti-Money Laundering Directive (AMLD5), which recognizes cryptocurrency and crypto-related businesses. The AMLD5 itself came into force in July 2018, and will be fully enforced by the end of 2019, establishing a revised legal framework for EU financial watchdogs to regulate cryptocurrencies and mitigate the risks of money laundering and terrorism financing.

In its announcement, FIN-FSA said tha the new measures, however, does not fully resolve investor protection. It issued a public reminder:

“The risks related to virtual currency investments remain unchanged. The risks include sudden major fluctuations in value, data security threats pertaining to exchange services and custodian wallet providers, and the nature of several virtual currencies as speculative investments not involving any inherent source of return.”


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Unsplash

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter