Category: Latvia

Latvia’s approach to cryptocurrency regulation as of 2024 illustrates a comprehensive and evolving landscape, balancing innovation in digital assets with regulatory oversight and consumer protection. Regulatory Framework Latvia has established a detailed regulatory framework for cryptocurrency operations, recognizing the significance of these digital assets. The Financial and Capital Market...

As of the period leading up to 2024, Latvia’s regulatory landscape for cryptocurrencies was shaped by a blend of defined and undeveloped regulations. The Latvian authorities, particularly the Bank of Latvia and the State Revenue Service, considered cryptocurrency as a contractual means of payment, but not as legal tender...