Finland vs Israel
Crypto regulation comparison
Finland
Israel
Legal
Legal
Cryptocurrency is legal in Finland and well-regulated by the FIN-FSA. Crypto gains are taxed as capital income at 30% (34% for gains exceeding €30,000). Finland is one of few EU countries that has actively enforced tax compliance on crypto through data requests to exchanges.
Cryptocurrency is legal in Israel and treated as a taxable asset. The Israel Tax Authority classifies crypto as property, subject to 25% capital gains tax (or up to 50% for significant shareholders or high earners). Israel has a vibrant blockchain ecosystem with many startups and R&D centers.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
30-34%
Tax Rate
25-50%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Finanssivalvonta (FIN-FSA)
Regulator
ISA (Israel Securities Authority), ITA (Israel Tax Authority), CTMFA
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No specific stablecoin regulation; ISA exploring digital asset framework
Key Points
- Crypto capital gains taxed at 30% (34% for gains over €30,000 per year)
- FIN-FSA registers and supervises virtual currency providers under AML law
- Finnish Tax Administration actively sends letters to crypto holders based on exchange data
- Losses on crypto can be deducted from capital gains
- MiCA framework applicable from December 2024
Key Points
- Capital gains tax of 25% on crypto profits (up to 50% including surtax for high earners)
- Israel Tax Authority classifies cryptocurrency as property, not currency
- ISA is developing a regulatory framework for digital asset trading platforms
- AML/KYC requirements apply to crypto service providers under CTMFA supervision
- Israel has one of the highest densities of blockchain startups globally