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.
“Blockchain is not just a buzzword here, it legitimately enables something that used to be impossible.”
Real-world data comes to NFTs as street artists geotag their work
The national carrier began accepting crypto payments in 2014.
Latvian airline airBaltic adds Dogecoin and Ether as payment options
Crypto remains underregulated, so Latvian investors need to be extra vigilant, says the FCMC.
Latvian regulators warn public about cryptocurrency fraud
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.
33 money laundering crypto criminals targeted worldwide in 3 separate cases
The finance ministries of the Baltic states have expressed their support to the development of Blockchain or distributed ledger technologies.
Baltic Finance Ministries Decide to Support Blockchain Technology Development
A Latvian startup known as 120 Minutes recently introduced a Telegram-Bitcoin integration called CallCoin, which is short for Call and Bitcoin, to enable intern...
Telegram Bot Uses Bitcoin For Cheap International Calls
This year’s the biggest e-commerce forum ECOM21 2015 in Latvia has allocated great attention to Bitcoin and Blockchain development in the Baltic states.
ECOM21 2015: Baltic States To Explore Bitcoin and Blockchain Technology Inside E-commerce