Latvia’s Central Bank Grants MiCA Crypto License to UK-Backed Noah

Latvijas Banka has granted a dual license to Noah LV SIA, the Latvian subsidiary of UK-based Noah HQ Ltd, as of September 30, 2026. The approval allows the firm to operate as both a crypto-asset service provider and a payment institution under the EU's MiCA framework. This license enables Noah to offer services including custody, crypto-to-fiat exchange, crypto-to-crypto swapping, order execution, and fund transfers across the EU and EEA through passporting rights. As of October 1, 2026, Latvia has issued MiCA licenses to 12 companies, with the country positioning itself as a hub for fintech and crypto businesses.