News
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.
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Latvia News
The Republic of Latvia is a country in northeastern Europe located in the Baltic Region. Latvia has an area of 64,500 kilometers and a population of nearly two million people. Latvia has a very high human development index, stable economic growth and well-developed business conditions. The main industries in Latvia are food and wood products, textiles, pharmaceuticals and machine equipment development. The Latvian blockchain industry is one of the most promising in Europe. Developed communications and a high-level of education has made Latvia a good place for blockchain startups and communities. Some notable Latvian blockchain ICOs include HashRush, Forty Seven Bank, Globitex and Aeternum. Members of Latvian fintech and blockchain companies have established the Latvian Blockchain Association for promoting the technology in the country.
- News
Latvia’s minister of economics, Viktors Valainis, shared insights on the country’s vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy.
2469 - Interview
The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally.
2088 - Event Recap
The Riga cypherpunk reunion convened around the Lightning Network, privacy and a strong anti-CBDC sentiment.
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According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.”
2816 - Analysis
The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.
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“Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”
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The national carrier began accepting crypto payments in 2014.
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Crypto remains underregulated, so Latvian investors need to be extra vigilant, says the FCMC.
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Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.
6257 The finance ministries of the Baltic states have expressed their support to the development of Blockchain or distributed ledger technologies.
6269A Latvian startup known as 120 Minutes recently introduced a Telegram-Bitcoin integration called CallCoin, which is short for Call and Bitcoin, to enable international calls via Telegraph approximately 10 times cheaper than the standard pricing.
1322This year’s the biggest e-commerce forum ECOM21 2015 in Latvia has allocated great attention to Bitcoin and Blockchain development in the Baltic states.
877Gas Stations in Latvia, Lithuania, and Estonia operated by Lukoil will now accept Bitcoin through a service called SpectroCoin, which allows them to pay with Bitcoin at the pump.
2105SPOT Kafe is the kind of bar for which Riga is famous among Erasmus students and backpackers. Its menu of shots is a page long, it has a karaoke night on Wednesdays, and there is a special reserved sign for the local Couchsurfing group. But it’s the other sign on the bar top that had me excited, the one that reads, “BITCOIN ACCEPTED HERE.”
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