Latvijas Banka provides non-bank payment service providers with the possibility to join the EKS
Latvijas Banka has done all the necessary preparatory work and provided non-bank payment service providers with the possibility to join the Electronic Clearing System (EKS) – the payment system created and maintained by Latvijas Banka ensuring the execution of instant payments and other payments made by customers across the SEPA or in the countries of the European Union and the European Economic Area.
Discover Latvia: a destination for crypto-asset service providers seeking licences under MiCA
As the Markets in Crypto-Assets regulation (MiCA) takes effect on 30 December, requiring crypto-asset companies to obtain a licence, Latvia is poised to become the go-to destination for crypto-asset service providers (CASPs) looking to expand their operations across Europe, with Latvijas Banka actively advising on and preparing for the submission of applications during the pre-licensing process.
Latvijas Banka invites crypto-asset service providers to pre-licensing consultations
Latvijas Banka invites companies seeking a crypto-asset service provider licence in Latvia to pre-licensing consultations.
Innovative technologies in the Latvian financial sector: tendencies in 2024
Each year, Latvijas Banka conducts a survey among financial market participants to oversee the innovations used in the financial sector. This year, 178 market participants took part in the survey, with 88 reporting the use of innovative technologies.
The new European regulatory environment: MiCA, DORA, PSD3, AI Act
The recent regulatory changes in the European Union (EU), alongside emerging technologies like blockchain and artificial intelligence, are set to transform the fintech landscape, creating new opportunities while also posing compliance challenges.
Latvijas Banka is set to ensure direct participation of payment and e-money institutions in central bank payment systems
The Eurosystem has adopted a harmonised policy that allows non-bank payment service providers direct access to payment systems maintained by euro area central banks, including the TARGET system.
Latvijas Banka issues an electronic money institution operating licence to SIA TigSiPay
On 29 May, the Supervision Committee of Latvijas Banka decided to issue an electronic money institution operating licence to the limited liability company TigSiPay.
Navigating the MiCA era: benefits and challenges
The European Union's Markets in Crypto-Assets regulation (MiCA) takes effect in 2024, establishing a new and unified regulatory framework for crypto-assets across all European Union Member States.
