The Central Bank of Latvia is actively cooperating with the new EU crypto regulations

The Central Bank of Latvia is preparing for the upcoming EU cryptocurrency regulations and will be responsible for accepting applications and issuing licenses to crypto asset service providers (CASPs) from January 2025. To help companies make a smooth transition, the central bank provides free pre-licensing consulting services.

Central bank experts will provide companies with regulatory guidance, a list of required documents, and a preliminary compliance assessment. This move is intended to ensure that companies can smoothly adapt to the new regulations and improve their compliance levels. 💼🔍

This is not only a support for companies, but also a positive promotion for the entire crypto industry.