Jurisdiction reference
Latvia
Regulator: FKTK (now Latvijas Banka). License/registration context: Registration. 46 VASP/entity records are tracked by Plexo Institute in Latvia. Official registry source: EU Markets in Crypto-Assets Regulation (MiCA). Data last updated: 2026-09-30.
Latvia does not have its own national stablecoin law but is bound by EU regulations. Under MiCAR, stablecoin issuers (EMTs and ARTs) must secure authorization, provide whitepapers, maintain fully backed reserves, and adhere to AML/CFT compliance. The Financial and Capital Market Commission (FKTK) is Latvia's national competent authority for supervising financial markets and crypto firms under MiCAR.
Regulatory Status
- Jurisdiction code
- LV
- Regime
- Registration
- Regulator
- FKTK (now Latvijas Banka)
- Governing law
- AML/CFT Law / MiCA
- Travel Rule
- Enforced
- Tracked entities
- 46
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- EUR
Licensed entities in Latvia
Showing 32 of 46 regulated-entity records tracked in Latvia by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| AP Operations | Licensed | E-Money Institution (EMI) |
| AS TWINO Investments | Licensed | MiCAR CASP |
| Bleap | Licensed | MiCAR CASP |
| BlockBen | Licensed | MiCAR CASP |
| Hodleris | Licensed | MiCAR CASP |
| Neverless | Licensed | MiCAR CASP |
| Nexdesk | Licensed | MiCAR CASP |
| Nodu Digital | Licensed | MiCAR CASP |
| NorthernTech | Licensed | E-Money Institution (EMI) |
| Paybis Europa | Licensed | Payment Institution (PI) |
| Sabiedrība ar ierobežotu atbildību Mobilly | Licensed | E-Money Institution (EMI) |
| Sabiedrība ar ierobežotu atbildību Transact Pro | Licensed | E-Money Institution (EMI) |
| SIA AlphaRoute | Licensed | MiCAR CASP |
| SIA Baltic Payment Solutions | Licensed | Payment Institution (PI) |
| SIA Catego | Licensed | Payment Institution (PI) |
| SIA Dukascopy Payments | Licensed | E-Money Institution (EMI) |
| SIA Fibonatix | Licensed | Payment Institution (PI) |
| Sia Gr8 Pay | Licensed | MiCAR EMT Issuer |
| Sia Jool Pay | Licensed | Payment Institution (PI) |
| SIA Mintos Payments | Licensed | E-Money Institution (EMI) |
| Sia Moneliq Europe | Licensed | E-Money Institution (EMI) |
| SIA Monetizator | Licensed | Payment Institution (PI) |
| SIA Nordigen Solutions | Licensed | Payment Institution (PI) |
| Sia Pace FS | Licensed | E-Money Institution (EMI) |
| SIA Paybis Europe | Licensed | MiCAR CASP |
| SIA Paytegra | Licensed | E-Money Institution (EMI) |
| Sia Semfopay | Licensed | Payment Institution (PI) |
| Sia Sollo LV | Licensed | Payment Institution (PI) |
| SIA xpate | Licensed | E-Money Institution (EMI) |
| TigSiPay | Licensed | E-Money Institution (EMI) |
| Trek Technologies | Licensed | Payment Institution (PI) |
| VAS Latvijas Pasts | Licensed | Payment Institution (PI) |
Browse all 46 records in the regulated-entity registry, including the remaining 14 in Latvia.
Relationship Graph
Jurisdiction FAQ
Who regulates Latvia?
The current Plexo Institute record lists FKTK (now Latvijas Banka) as the regulator for Latvia.
How many VASPs are tracked in Latvia?
46 VASP/entity records are tracked by Plexo Institute in Latvia.
What is the Travel Rule status in Latvia?
The current Plexo Institute record lists the Travel Rule status for Latvia as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.