licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

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Pin the jurisdiction you are leaning towards, then line up to 5 rivals against it. Every unlocked figure shows where a peer beats it or loses to it on capital, timeline, cost and difficulty, so one screen tells you whether your first choice actually holds up.

Crypto (CASP / VASP) E-money (EMI)
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Dimension Pinned
🇩🇰 Denmark partly open
Verified 2026-07-02
 🇱🇻 Latvia partly open
Verified 2026-07-03
Licence type MiCA CASP authorisation under Regulation (EU) 2023/1114, with Finanstilsynet designated as competent authority under Danish implementing provisions.
Verified 2026-07-02 Source: Finanstilsynet (DFSA): https://www.dfsa.dk/news/2024/jun/crypto-assets_250624
MiCA CASP authorisation under Regulation (EU) 2023/1114, administered nationally by Latvijas Banka; specific Latvian implementing statute name not confirmed in this research pass.
Verified 2026-07-02 Source: Chambers: https://chambers.com/articles/latvia-mica-emi-and-payment-institution-licensing-regulatory-framework-for-eea-market-entry-2026
Regulator Finanstilsynet (Danish Financial Supervisory Authority)
Verified 2026-07-02 Source: Finanstilsynet: https://www.dfsa.dk
Latvijas Banka (Bank of Latvia) is the lead CASP licensing/supervisory authority; sources note some residual/overlapping role for the FCMC on broader financial-market alignment, not fully reconciled in this pass.
Verified 2026-07-02 Source: ffnews.com: https://ffnews.com/newsarticle/cryptocurrency/latvijas-banka-is-issuing-a-licence-to-sia-alpharoute-for-the-provision-of-crypto-asset-services/
Capital requirement Denmark capital requirement is locked. Unlock with the £349 pass. Latvia capital requirement is locked. Unlock with the £349 pass.
Timeline to authorisation Denmark timeline to authorisation is locked. Unlock with the £349 pass. Latvia timeline to authorisation is locked. Unlock with the £349 pass.
Local substance Denmark local substance is locked. Unlock with the £349 pass. Latvia local substance is locked. Unlock with the £349 pass.
Application cost Denmark application cost is locked. Unlock with the £349 pass. Latvia application cost is locked. Unlock with the £349 pass.
Ongoing cost Denmark ongoing cost is locked. Unlock with the £349 pass. Latvia ongoing cost is locked. Unlock with the £349 pass.
Passporting Denmark passporting is locked. Unlock with the £349 pass. Latvia passporting is locked. Unlock with the £349 pass.
MiCA CASPs approved Denmark mica casps approved is locked. Unlock with the £349 pass. Latvia mica casps approved is locked. Unlock with the £349 pass.
Key restrictions Denmark key restrictions is locked. Unlock with the £349 pass. Latvia key restrictions is locked. Unlock with the £349 pass.
Recent changes Grandfathering deadline for legacy VASPs passed 30 December 2025, pushing remaining Danish crypto firms into full MiCA authorisation or market exit.
Verified 2026-07-02 Source: HELMS Advisory tracker: https://helmsadvisory.com/casp-licence-tracker
Latvijas Banka has issued multiple CASP licences during 2025-2026, including to SIA AlphaRoute and Backpack, and reportedly Paybis (May 2026, per one directory source). Latvia offers free pre-licensing consultations and a formal Innovation Hub.
Verified 2026-07-02 Source: ffnews.com: https://ffnews.com/newsarticle/cryptocurrency/latvijas-banka-is-issuing-a-licence-to-sia-alpharoute-for-the-provision-of-crypto-asset-services/; Chambers: https://chambers.com/articles/ecovis-proventuslaw-advises-backpack-on-securing-mica-licence-from-latvijas-banka
Difficulty rating Denmark difficulty rating is locked. Unlock with the £349 pass. Latvia difficulty rating is locked. Unlock with the £349 pass.

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Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.