Applications for the European Blockchain Sandbox open until the end of January
Latvijas Banka encourages companies (including start-ups and scale-ups), non-profit organisations, and public bodies with a validated proof of concept whose activities are related to Distributed Ledger Technologies (DLT) to seize the opportunity to apply for the European Blockchain Sandbox.
Latvijas Banka is issuing an electronic money institution operating licence to SIA Paytegra
The Supervision Committee of Latvijas Banka has issued an electronic money institution operating licence to SIA Paytegra.
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.
