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🇱🇻 Latvia

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

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

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 7 weeks agoSource: 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 7 weeks agoSource: ffnews.com: https://ffnews.com/newsarticle/cryptocurrency/latvijas-banka-is-issuing-a-licence-to-sia-alpharoute-for-the-provision-of-crypto-asset-services/

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 7 weeks agoSource: 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

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Latvia's regulator and qualified local counsel before acting.