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Latvia’s economic shift: Minister of Economics on crypto law and blockchain innovations

Latvia’s Minister of Economics Viktors Valainis shared insights on the country's vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy.

In a northern corner of Europe, nestled between the shores of the Baltic sea and the borderlands of Russia, lies Latvia, a nation of only 1.8 million inhabitants. 

While the country may be relatively small, it is beginning to make big moves to cement its position as a leader in digital innovation in Europe.

In June, regulators in the country pushed forward its “Crypto Asset Services Law,” which aims to offer a clear regulatory framework to foster growth and attract investment and supports the country’s ambitious plans to become a hub for blockchain and cryptocurrency enterprises.

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