Regulatory uncertainty in Poland encourages crypto and financial technology companies of this country to look for alternatives to obtaining a MiCA (Markets in Crypto-Assets) license in the European Union (EU) – today a closed international industry event “Crypto Crisis Averted: Explore Alternatives” is being held in Warsaw (Warsaw School of Economics), which gathers almost 200 representatives of Polish crypto and financial technology companies.
In response to this news, the Minister of Economy of Latvia Viktors Valainis personally sent a personal letter to Polish crypto-currency companies, urging them to choose Latvia as a strategic partner, according to the “Linekdin” post of Polish crypto-currency regulation adviser Aleksandr Vilner.
The focus of the event “Crypto Crisis Averted: Explore Alternatives” is practical solutions for obtaining a MiCA license in the EU, especially highlighting Latvia as a reliable, efficient and business-friendly alternative. In December 2025, the President of Poland vetoed the national MiCA regulation implementation law and has no plans to repeal it yet. Consequently, Poland is currently the only EU member state without a full-fledged MiCA framework. For existing virtual asset service providers, the transition period lasts until July 2026, creating additional costs, risks and reduced competitiveness. In this situation, about 1,500 Polish crypto companies are looking for opportunities to operate elsewhere in the EU.
Latvia, on the other hand, was one of the first member states to fully implement the MiCA regulation, and in December 2025 the Bank of Latvia (LB) issued the first licenses to the companies BlockBen and Nexdesk, thus allowing the provision of crypto-asset services throughout the EU using a single license in 27 member states without additional permits.
Reinis Znotiņš, Executive Director of the Latvian Blockchain Association (LBAA): “The first MiCA licenses in Latvia are a clear signal that we are ready to become a part of this global market. I hope from the bottom of my heart that we will only go faster so that Latvia becomes a Web3 center in Europe. Latvia is currently in a unique situation – thanks to the EU MiCA regulation, we are no longer in the “grey zone”. We are in a legal and regulated environment where Latvia can become the financial technology capital of the region, if only we act quickly.”
Practical steps for obtaining a MiCA license: solutions, experience, discussions and contact options
“Crypto Crisis Averted: Explore Alternatives” is planned to provide practical solutions on the process of obtaining MiCA licenses in Latvia, share experience from BlockBen and Magnetiq Bank, discuss banking cooperation, AML requirements and business transfer to Latvia, as well as ensure direct communication with the regulator (including LB representative), lawyers and support institutions. Latvia offers competitive monitoring fees, fast process and flexible cooperation with LB that issues MiCA licenses. A license issued in Latvia allows services to be provided in all EU member states without additional permits. During the year, more than 100 foreign companies from Poland, Switzerland, Lithuania, Spain, Italy, Sweden and Japan have already shown interest in the MiCA license in Latvia.
Obtaining a MiCA license in Latvia begins with a free consultation and submitting an application to the Bank of Latvia, after which the company can receive a full-fledged license within 3-6 months with one of the lowest monitoring fees in Europe.
Event organizers: UN:BLOCK Europe, Magnetiq Bank, BlockBen, LBAA and Fintech Poland
“Crypto Crisis Averted: Explore Alternatives” is planned to provide practical solutions on the process of obtaining MiCA licenses in Latvia, share experience from BlockBen and Magnetiq Bank, discuss banking cooperation, AML requirements and business transfer to Latvia, as well as ensure direct communication with the regulator (including LB representative), lawyers and support institutions.
Meanwhile, on the website “:Linkedin”, the advisor of Polish cryptocurrency regulation, Aleksandrs Vilners, published a post:: “While the Polish Financial Supervisory Authority (KNF) bid farewell to Polish cryptocurrency companies with a pastoral letter yesterday, the Minister of Economy of Latvia, Viktors Valainis, personally sends them personalized invitations to Latvia and sends a delegation from the Bank of Latvia to Warsaw to discuss them”. It caused a wide reaction:
- Let me put it this way: two quarters ago, our customers still believed in Poland; now virtually all of them are considering or implementing alternative jurisdictions within the EU. Sad but true.
- Few realize what a huge opportunity Poland has lost in becoming Europe’s cryptocurrency hub. It’s a real scandal, but unfortunately I think it’s gone largely unnoticed.
- Nice cherry. Although maybe it’s more of a flashlight…
date:2026-02-14 01:26:00