Posts Tagged ‘Latvijas Banka’

On 10 December, the Supervision Committee of Latvijas Banka issued a licence to Nexdesk SIA for the provision of crypto-asset services.

The company is entitled to provide the following crypto-asset services:

• providing custody and administration of crypto-assets on behalf of customers,
• executing orders for crypto-assets on behalf of customers,
• transferring services for crypto-assets on behalf of customers.

Nexdesk SIA plans to provide its services both in Latvia and in other European Union (EU) countries.

Nexdesk SIA is the second crypto-asset service provider to receive a licence in Latvia in accordance with the requirements established in the EU Markets in Crypto-Assets Regulation (MiCA). Along with the entry into force of the MiCA Regulation, a unified legal framework for the crypto-asset sector, including the requirement for crypto-asset service providers to obtain authorisation, has been introduced in the EU. Upon obtaining authorisation in one EU country, a crypto-asset service provider may provide services throughout the entire EU in accordance with the mechanism for notifying cross-border activities.

Read full announcement (external link)

Originally published on 11 Dec