Finland's Financial Supervisory Authority has introduced a system that shows how secure each crypto company is

The Financial Market Regulation and Supervision Service (Finnadzor) has announced that it has approved a new system for auditing companies that work with virtual assets and cryptocurrencies.

Now, each such company will be assigned a percentage score — a kind of “security rating” that shows how honestly and transparently it operates.

A special model evaluates the company in four areas:

• Who is behind the company, where it is registered, and whether it has permits.
• What cryptocurrencies it works with and how transparent its operations are.
• How suspicious its transactions look — for example, too large volumes, too frequent transfers, or working with prohibited addresses.
• Does the company comply with the rules — does it verify customers, keep records of funds, and respond to regulator requests in a timely manner?

Points are awarded for each area. The total score indicates the level of risk: low, medium, high, and critical.

If the system shows an increased level of risk, the regulator tightens control. For example, it may request documents, restrict operations, or even block activities if serious violations are identified.

There is also an automatic “alarm signal”: if a company uses mixers, works with suspicious addresses, or refuses to show documents on the origin of funds, its risk level is automatically increased.

Finnadzor explains that the new system will help to identify suspicious transactions more quickly, protect users, improve the transparency of the cryptocurrency market, and create conditions for companies to operate honestly.

The order and the assessment model itself have been published and are available to anyone interested.