Latvia’s central bank grants MiCA crypto licence to UK-backed Noah
Latvia’s central bank granted Noah LV SIA a payment institution license and separate authorization for four crypto services under the EU’s Markets in Crypto-Assets Regulation. Both licenses took effect on Sept. 30, and the company is described as UK-backed.
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Users and business customers dealing with Noah in Latvia now face a firm that has both a payment institution license and permission for four crypto services. That changes what the company is formally allowed to offer in the country from Sept. 30 onward.
Before these approvals, those two permissions were not in place; now they are. What does not change from the text is that Noah remains a UK-backed company operating from a Latvian licensing base.
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