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Latvia’s Central Bank Seeks Crypto Service Providers for Pre-Licensing Guidance
The Latvian Central Bank is gearing up to accept applications for crypto-asset service provider licenses starting in January 2025. To assist companies in the application process, the bank is offering free pre-licensing consultations.
During these consultations, experts from the central bank will provide guidance on:
- Applicable regulations: Understanding the legal framework for crypto-asset service providers in Latvia.
- Required documents: Identifying the necessary paperwork for the application.
- Compliance assessment: Evaluating a company’s adherence to regulatory standards.
The goal of these consultations is to help companies submit well-prepared applications, streamlining the licensing process. There is no limit to the number of consultations a company can request.
Additional Resources
To further support companies, the Latvian Central Bank has published detailed guides outlining the steps in obtaining a crypto-asset service provider license. These guides cover application preparation, required documentation, and the expected timeline for the review process.
Webinar Announcement
A webinar will be held on September 30 to provide in-depth information about the licensing process. Experts will discuss the license process and answer attendees’ questions. Interested companies and consulting service providers can register for the webinar by September 27. The webinar will be conducted in English.
‘The Latvian Blockchain Association is committed to supporting crypto-asset service providers as they navigate the licensing process and transition into the Latvian market,’
said Reinis Znotins, Executive Director of the Latvian Blockchain Association.
‘We offer tailored consultations to help applicants understand regulatory requirements and provide valuable connections within the local ecosystem. Our goal is to make this transition as smooth as possible, ensuring companies can leverage the full potential of the Latvian market while complying with the new MiCA framework.’
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