The Finnish President approves the Virtual Money Supplier Act, which will take effect on May 1.

According to Bitcoin.com, on April 26, the Finnish Ministry of Finance announced that the Finnish President has approved the Virtual Money Supplier Act, which will regulate parties such as exchanges, managed wallet providers and cryptocurrency issuers. It is reported that the bill will take effect on May 1, and the Financial Supervisory Authority will act as the registration authority and regulatory agency of the virtual currency supplier.