Latvian deputy says fintechs are drawn to Baltic state
Purgaile says efficient licensing and fast payments attract innovative financial firms
Licensing, regulation and infrastructure are key to understanding Latvia’s popularity among fintechs, the deputy governor of the country’s central bank has said.
In an article published on May 12, Santa Purgaile explained why the companies were increasingly favouring the Baltic state to get their operational licences.
Purgaile said the Bank of Latvia had awarded eight licences in 2025 and seven so far this year, including two to crypto asset service providers. She said 15 more companies were in
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