The team from Latvia wins the international hackathon “Open FinHack”
The international financial technology hackathon "Open FinHack" concluded with a victory for the Latvian team "Frankey". The competition was fierce – 231 participants from 38 countries around the world applied for the hackathon.
Broader Access to Investment in Crypto-Assets in the US
The year 2024 brought positive news from the world of crypto-assets. On 10 January, the US Securities and Exchange Commission approved 11 exchange-traded funds (ETFs) tied to Bitcoin (BTC), the most popular crypto-asset.
Battle of giants: The European Commission against Apple
Over the most recent years, fighting the abuse of dominance by technology giants has become an increasingly more prominent issue. It is no secret that the world of technology is dominated by a small number of huge companies willing to maintain their positions, which quite often means that those positions are used to keep new players out of the market.
Latvijas Banka issues authorisation to provide crowdfunding services to SIA LANDE Platform
On 7 February, the Supervision Committee of Latvijas Banka decided to issue authorisation to provide crowdfunding services to SIA LANDE Platform pursuant to Regulation (EU) 2020/1503.
First Fintech Board Members Academy to be launched in Latvia
The Latvian fintech landscape has kicked off the year 2024 with notable vigor. Scheduled for January 25-26, the inaugural "Fintech Board Members Academy: Empowering Excellence" is set to unfold.
Environment conducive to innovation and fintech development: Latvijas Banka’s initiatives
Much has been done for the development of Latvia's fintech sector in 2023. Already at the beginning of the year, the government approved the development strategy for Latvia's fintech sector, defining Latvia's vision for fintech and the steps to be taken.
Fintech companies will be provided access to Latvijas Banka’s retail payment system
The Council of Latvijas Banka has approved an initiative that will enable non-bank payment service providers – payment and e-money institutions – and in the future also crypto-asset service providers to open an account with Latvijas Banka for the segregation of their customer funds. Likewise, Latvijas Banka will provide non-bank payment service providers with the possibility to directly participate in the Electronic Clearing System (EKS), thus facilitating the development of payment services in Latvia.
Latvijas Banka issues authorisation to provide crowdfunding services to SE Capitalia
On 1 November, the Supervision Committee of Latvijas Banka decided to issue authorisation to provide crowdfunding services to SE Capitalia pursuant to Regulation (EU) 2020/1503.
