Latvia regulates crypto-asset services exclusively through the directly-applicable EU MiCA Regulation (EU) 2023/1114, with Latvijas Banka (the central bank, which absorbed the former FKTK in 2023) as sole national competent authority. Authorisation has been live since 2 January 2025; Latvijas Banka has since issued multiple live CASP licences (BlockBen SIA, Nexdesk SIA, SIA Paybis Europe, SIA AlphaRoute, Neverless SIA), evidencing an operative, non-transitional regime as of this research pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Crypto-assets in Latvia are classified per the MiCA taxonomy applied directly by Latvijas Banka: asset-referenced tokens (ART), e-money tokens (EMT), and 'other' crypto-assets including utility tokens. NFTs and fully decentralised, intermediary-free activities fall outside MiCA scope.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
MiCA, as applied by Latvijas Banka, does not create a bespoke licensing category for staking, DeFi, mining, node operation, or validator activity. Staking is treated as ancillary to the MiCA-regulated custody and administration service (Article 75); other on-chain activities carried out without an intermediary CASP fall outside MiCA's scope entirely, leaving a partial regulatory gap.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
MiCA Titles III (ART) and IV (EMT), applied directly by Latvijas Banka, govern stablecoin issuance in Latvia: ART issuers require authorisation (subject to small-issuance/qualified-investor exemptions) and a reviewed white paper; EMT issuance is restricted to credit or e-money institutions that notify Latvijas Banka. Granular Latvia-specific detail on reserve composition and redemption-right mechanics beyond the EU baseline was not confirmed in this pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
MiCA Title V obligations (Articles 66-75), applied directly by Latvijas Banka, require CASPs to segregate client crypto-assets and funds, maintain complaint-handling procedures, and support white-paper-based risk disclosure. Latvia-specific supervisory detail on marketing-communication restrictions (Article 29) was not located in this pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Latvia taxes crypto-asset investment profits under the general Law on Personal Income Tax at a flat 20% rate, enforced by the State Revenue Service (VID), rather than through a bespoke crypto tax code. VAT/GST treatment and any crypto-specific withholding regime were not confirmed against a primary source in this research pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Crypto-asset transfers to/from Latvia are governed by MiCA's EU passporting mechanism (no outbound restriction within the EU) and by Regulation (EU) 2023/1113, which extends 'travel rule' information and sanctions-screening obligations to CASPs. Specific Latvian reporting thresholds for cross-border transfers were not confirmed in this pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Sources and findings (4)
T?source not recordedM4bindingin force
T?source not recordedM5bindingin force
T?source not recordedM5bindingin force
T?source not recordedM3non-binding
No categories match.
Filters combine as OR inside a group and AND across
groups.
Editorial metadata
Provenance only. Nothing below gates publication or affects the render.
Editorial metadata for Latvia
Field
Value
trust.lawyer_review.status
never_reviewed
trust.lawyer_review.reviewer
not recorded
trust.content_source
ai_generated
Provenance and declared absence
Disclosure model: module cards load OPEN; standing positions render in full; sub-briefs and jurisdiction briefs load as a clamped teaser with an explicit “read full” control carrying the true word count; earlier updates stay collapsed behind a counted summary. No text is hidden without disclosing how much of it there is.
Sentinel-fed modules receive no special rendering treatment. sentinel_feed is an attribution chip only: it does not suppress content, does not generate an absence reason code, and does not exclude the module from any count, filter, search index or export on this page.
Family taxonomy is renderer-level presentation config, not a JID field. Colour is always duplicated in text and is never the sole carrier of meaning.