Report contents
Europe · Established
Finland
Crypto Livability Index 2025·data to 31 Dec 2025
Scoreboard
Five pillars, then the 22 sub-pillars scored 0 to 4. Empty sub-scores are held out of the total, not zeroed.
The number behind the rank
| Raw capability score | 56 / 84 |
| P2P liquidity bonus (tie-breaker) | +0 |
| Inflation 2.7% · unbanked 0% · remittances 0.2% GDP · capital controls 0 · sanctions 0 | CNI 0.013 |
| Need multiplier | ×0.520 |
| Livability score | 0.347 |
Raw 56/84 = 0.667 capability. Crypto-Necessity Index 0.01, from five components: inflation 2.7% (three-year average 2023 to 2025), unbanked 0% of adults, remittances 0.2% of GDP, capital-control intensity 0.00 (KAOPEN 2023), sanctions exposure 0. Need multiplier ×0.52. Livability score 0.347, rank #60 of 79.
Three findings
The country that gave crypto its first euro stablecoin taxes its users hardest in the set
EUROe, issued by Helsinki's Membrane Finance, was the first MiCA-licensed euro stablecoin, and Finland sits among the founding centres of crypto culture, home to LocalBitcoins and early Bitcoin contributor Martti Malmi. Yet its capital-income tax runs 30% to 34% on every disposal with no holding relief, the lowest tax sub-score in the European set at 1.
Zero is the unbanked rate, and that is the whole story
Finland reports 0% of adults unbanked, the floor of the need index, in one of the most digitally saturated societies on Earth at 98.2% internet penetration. With a near-cashless economy, the auditor finds the country structurally lacks the cash-in-person and informal channels that sustain daily peer-to-peer (person-to-person) crypto use, so the P2P bonus is 0.
Almost the lowest need in the index pulls Finland down 24 places
Finland scores 56 of 84 in raw capability but a Crypto-Necessity Index of 0.01, second-lowest measured: inflation 2.7%, no unbanked population, no capital controls, no sanctions. The ×0.52 need multiplier drops it from rails #36 to livability #60. This is the index working as designed, not a defect: full banking access leaves crypto with almost nothing to be necessary for.
In one line
"Finland helped invent the tools, from LocalBitcoins to the first euro stablecoin. In a country where nobody is unbanked, that pedigree buys capability, not necessity."
Watch in 2026
Trajectory 3/4, trending liberalising. FIN-FSA (the Financial Supervisory Authority) ran one of the EU's shortest MiCA (the EU's Markets in Crypto-Assets regulation) transitions, closing 30 June 2025, with only Coinmotion fully authorised by the cutoff and non-licensed firms wound down. Finland's position as a euro-stablecoin issuer hub strengthens after Membrane Finance's acquisition by Paxos, even as the user-facing stablecoin score stays capped at the structural 3.