Cryptocurrency activities are legal in Latvia with regulatory oversight by Latvijas Banka. The country maintains a financial market participant registry and issues licenses for financial services, including payment institutions.
| Status | Legal |
| Risk Score | 33/100 (Moderate Risk) |
| Region | europe |
| Currency | EUR |
| Adoption Rank | #45 |
| Capital Gains (Personal) | 20% personal income tax on crypto gains |
| Capital Gains (Corporate) | 20% on distributed profits (0% on retained) |
| VAT on Crypto | No |
| Staking Tax | Taxed as capital income at 20% |
| Airdrop Tax | Taxed as income at 20% |
Latvia taxes individual crypto gains at 20% personal income tax rate. Like Estonia, corporate tax applies only to distributed profits at 20%, making it attractive for companies reinvesting earnings.
| Required | No |
| Regulator | FKTK |
| Ease | medium |
| Cost | $15,000 - $80,000 |
Latvijas Banka issues licenses for financial service providers such as payment institutions. No specific crypto licensing framework mentioned on this page.
Status: Unclear
No specific DeFi regulation
Status: no_rules
No specific stablecoin framework
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity | $0.15/kWh |
| Renewable | 30% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and a decent share of renewables. Infrastructure supports mining operations adequately.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 59/100 |
| Banking Access | moderate |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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