Latvia’s central bank is taking proactive steps to align with the EU’s upcoming crypto regulations by offering free pre-licensing consultations for crypto-asset service providers.
The European Union’s landmark crypto regulations, the Markets in Crypto-Assets Regulation (MiCA), are starting to be implemented in phases throughout the region and local businesses are responding.
In Latvia, the central bank announced that it will offer pre-licensing consultations for any local crypto asset service providers (CASPs) seeking to gain a MiCA-compliant license in the country.
From January 2025, the bank will be in charge of accepting applications and issuing licenses for CASPs in the country. In the meantime, it said it is helping to prepare companies for the process with free pre-licensing consultations.
