TechFlow reports that as the EU's Markets in Crypto-Assets (MiCA) regulatory framework prepares for phased implementation, the Bank of Latvia has announced it will offer free pre-licensing consultation services to local crypto-asset service providers (CASPs).
Starting January 2025, the central bank will be responsible for receiving applications and issuing MiCA-compliant licenses to CASPs. Prior to that, it will provide free consultations to help firms prepare for the application process, including guidance on applicable regulations, checklists of required documents, and preliminary compliance assessments.
Reinis Znotins, Executive Director of the Latvian Blockchain Association, said the association is committed to supporting local CASPs throughout the licensing application process.
