Regulatory Alerts2026-05-28
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Latvijas Banka issues Nexdesk SIA payment institution license
The Supervisory Committee of the Bank of Latvia granted Nexdesk SIA a payment institution license on May 27, enabling the company to provide account-free money transfers. This authorization complements the crypto-asset service provider license issued to Nexdesk SIA in December of the previous year, allowing the firm to fully provide crypto-asset storage and transfer services. The payment institution license is required for crypto-asset service providers offering crypto-asset transfer services using e-money tokens, in addition to the Markets in Crypto-Assets Regulation (MiCA) requirements.