In response to the European Union (EU) Markets in Crypto-Assets Regulation (MiCA), the Central Bank of Latvia introduced a pre-licensing consultation service for local crypto-asset service providers (CASPs) in the country.
As part of Latvia’s efforts to align with MiCA, the initiative provides free guidance to companies looking to operate within the framework, helping them prepare for the formal licensing process that will begin in January 2025.
Companies interested in acquiring MiCA-compliant licenses can request unlimited consultations. This allows them to clarify regulations, address compliance concerns, and fully prepare before officially submitting their applications in 2025.
The Central Bank of Latvia’s pre-licensing consultation program is designed to support crypto businesses by offering expert advice on regulatory compliance.
Details of the Pre-Licensing Consultations for Crypto Firms
