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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.
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Pakistan inks Dec. 12 MOU with Binance to evaluate tokenization of state assets
On Dec. 12 in Islamabad, Pakistan's finance minister Muhammad Aurangzeb and Binance CEO Richard Teng signed an MOU to study tokenizing state-owned assets, including sovereign bonds, bills, and resource reserves. The multi-billion-dollar evaluation targets fractionalized, tradable instruments to widen investor access. Changpeng Zhao attended, as Pakistan develops a virtual assets authority with preliminary approvals for Binance and HTX.
BNB
BNB-2.91%
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Singapore Gulf Bank launches zero-fee Solana stablecoin mint and redeem service at Breakpoint 2025
Singapore Gulf Bank has introduced a Solana-based service that lets corporate clients mint and redeem major stablecoins such as USDC and USDT directly on-chain, with transaction and gas fees waived during an initial launch phase. The bank, which announced the product at Solana Breakpoint 2025 in Abu Dhabi, says the corridor runs under Singapore’s Payment Services Act and MAS's single-currency stablecoin rules, and has internally cut transfer costs to under 0.3% while settling in seconds.
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USDC
USDC+0.02%
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