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

🇱🇻 Latvia

Latvijas Banka runs a facilitative regime with an Innovation Hub, issuing licences to firms like AlphaRoute and Backpack.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

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.

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

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 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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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.

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 🔒

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The decision numbers for Latvia are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Latvia's regulator and qualified local counsel before acting.