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Latvia vs Puerto Rico

Crypto regulation comparison

← Back to map | Latvia | Puerto Rico
Latvia

Latvia

Puerto Rico

Puerto Rico

Legal
No Data

Cryptocurrency is legal in Latvia and regulated under the EU MiCA framework. Since 2023, the financial regulator FKTK merged into Latvijas Banka, which now oversees VASP registration and AML compliance. Capital gains from crypto are taxed at 20%. Latvia has been proactive in implementing EU-wide crypto standards.

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Tax Type Capital gains
Tax Type Unclear
Tax Rate 20%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator FKTK (Finanšu un kapitāla tirgus komisija) / Latvijas Banka
Regulator -
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules -
Key Points
  • VASPs must register with Latvijas Banka and comply with AML/CFT requirements
  • Capital gains from crypto taxed at 20% personal income tax rate
  • MiCA framework applies from December 2024, transitioning existing registrations
  • Latvia transposed the 5th Anti-Money Laundering Directive for crypto oversight
  • Latvijas Banka absorbed FKTK regulatory functions in January 2023
Key Points

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Sources
Sources

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