Latvia is leveraging the EU MiCA regulation to accelerate the development of a crypto and fintech hub. Official data shows that the country has approximately 130 fintech companies, employing over 3,600 people, with annual revenues close to 400 million euros, contributing over 90 million euros in taxes to the government each year. With the issuance of the first batch of MiCA licenses, Latvia has authorized companies like BlockBen and Nexdesk to operate compliantly within its jurisdiction and provide crypto services across the entire EU. (cryptopolitan)