Pin and benchmark
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.
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| Dimension |
Pinned 🇱🇻 Latvia partly open Verified 2026-07-03
|
🇸🇪 Sweden
partly open
Verified 2026-07-03
|
|---|---|---|
| Licence type | MiCA CASP authorisation under Regulation (EU) 2023/1114, administered nationally by Latvijas Banka; specific Latvian implementing statute name not confirmed in this research pass. | MiCA CASP authorisation under EU Regulation 2023/1114, administered directly by Finansinspektionen (FI) under Sweden's existing financial supervisory framework (no major new primary legislation was flagged as required, unlike Belgium/Poland). Sweden's national transitional period for pre-MiCA providers closed 30 September 2025. |
| Regulator | 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. | Finansinspektionen (FI), Sweden's single competent authority for CASP authorisation and supervision under MiCA. |
| Capital requirement | Latvia capital requirement is locked. Unlock with the £349 pass. | Sweden capital requirement is locked. Unlock with the £349 pass. |
| Timeline to authorisation | Latvia timeline to authorisation is locked. Unlock with the £349 pass. | Sweden timeline to authorisation is locked. Unlock with the £349 pass. |
| Local substance | Latvia local substance is locked. Unlock with the £349 pass. | Sweden local substance is locked. Unlock with the £349 pass. |
| Application cost | Latvia application cost is locked. Unlock with the £349 pass. | Sweden application cost is locked. Unlock with the £349 pass. |
| Ongoing cost | Latvia ongoing cost is locked. Unlock with the £349 pass. | Sweden ongoing cost is locked. Unlock with the £349 pass. |
| Passporting | Latvia passporting is locked. Unlock with the £349 pass. | Sweden passporting is locked. Unlock with the £349 pass. |
| MiCA CASPs approved | Latvia mica casps approved is locked. Unlock with the £349 pass. | Sweden mica casps approved is locked. Unlock with the £349 pass. |
| Key restrictions | Latvia key restrictions is locked. Unlock with the £349 pass. | Sweden key restrictions is locked. Unlock with the £349 pass. |
| Recent changes | 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. | Sweden's transitional period closed 30 September 2025, after which all CASPs needed full MiCA authorisation to continue operating, a materially earlier cutoff than the EU default. As of 3 March 2026, Sweden had 1 CASP authorisation (source: Bank of Lithuania comparative announcement). No update since; the current figure may be marginally higher. |
| Difficulty rating | Latvia difficulty rating is locked. Unlock with the £349 pass. | Sweden difficulty rating is locked. Unlock with the £349 pass. |
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.