cryptolicit

Is Kvarn X regulated in the EU?

Kvarn X — legal name Kvarn Capital Oy. Crypto-asset service provider (CASP) with home Member State 🇫🇮 Finland.

Authorised under MiCA

Kvarn X is listed in the ESMA register as an authorised crypto-asset service provider. The licence was granted by Finanssivalvonta (FIN-FSA) on 2 December 2025 and covers 1 of 10 MiCA services in 30 EEA countries.

Kvarn X among the EU's authorised providers

Kvarn X was the 5th of 5 crypto-asset service providers currently authorised in Finland, and one of 365 across the EEA, licensed 11 months after MiCA became applicable. With 1 authorised service it is below the register average of 3.3; 262 providers hold a broader one. Its passport covers the whole EEA, something 58 of the 365 providers have notified. FIN-FSA supervises 5 authorised providers in total.

What the authorisation covers

Kvarn X is authorised for 1 of the ten crypto-asset services defined in Article 3(1)(16) of MiCA. It is not authorised for operating a trading platform, exchange for funds, exchange for other crypto-assets, execution of orders, placing of crypto-assets, reception and transmission of orders, advice on crypto-assets, portfolio management, transfer services — if it offers those, that activity is outside this licence.

  • a Custody and administration all EEA Holding clients' crypto-assets or the private keys to them, and keeping them safe. This is what a wallet service or an exchange that keeps your coins does.

Not authorised: b. Operating a trading platform · c. Exchange for funds · d. Exchange for other crypto-assets · e. Execution of orders · f. Placing of crypto-assets · g. Reception and transmission of orders · h. Advice on crypto-assets · i. Portfolio management · j. Transfer services.

Where it may operate

Kvarn X has notified all 30 EEA countries: under MiCA's passporting rules, a licence from one Member State lets the provider offer its services across the whole European Economic Area after a simple notification.

Highlighted: countries notified for at least one service. Outlined: home Member State. Passporting is per service; see the list on the left for each service's count.

Identification

Legal name
Kvarn Capital Oy
Trading as
Kvarn X
LEI
9845009F15A5B9FD7F45 · GLEIF record
Competent authority
Finanssivalvonta (FIN-FSA) (Finland)
Registered address
Eteläesplanadi 24 A 14 00130 Helsinki
Declared website
kvarnx.com
Authorised on
2 December 2025
Register entry updated
28 May 2026
Regulator's note
Passporting information updated
Only the declared domains are covered. Fraudsters routinely copy the name of an authorised provider and operate from a look-alike domain. If the website you are on is not one of the addresses above, the authorisation does not apply to it — check the exact domain.

Questions people ask

Is Kvarn X regulated in the EU?

Yes. Kvarn X (Kvarn Capital Oy) holds a MiCA authorisation as a crypto-asset service provider, granted by Finanssivalvonta (FIN-FSA) on 2 December 2025. It appears in the ESMA register of authorised CASPs.

Which crypto services is Kvarn X authorised for?

1 of the ten MiCA services: custody and administration.

In which countries can Kvarn X offer crypto services?

In all 30 EEA countries, through the MiCA passport.

Who supervises Kvarn X?

Finanssivalvonta (FIN-FSA), the competent authority in Finland, which is the provider's home Member State under MiCA.

Other providers authorised in Finland

All providers from Finland →

Source: ESMA interim MiCA register (CASPS.csv), as reported by Finanssivalvonta (FIN-FSA). This page reflects the register as of our last sync; it is not a statement by the regulator. Methodology.