Latvia’s fintech turnover nears €400 million as first MiCA licenses are granted

On December 13, 2025, Invest in Latvia reported that nearly 130 fintech companies in the country generate close to €400 million in yearly turnover and pay more than €91 million in taxes while employing over 3,600 people. At the same time, Latvia’s central bank confirmed that BlockBen and Nexdesk have received the nation’s first MiCA licenses, as officials move to position Latvia as a key European entry point for regulated crypto and Web3 businesses.