Latvia Approves New Crypto Reporting Rules to Align with EU Transparency Standards

Latvia Approves New Crypto Reporting Rules to Align with EU Transparency Standards

In a major step towards greater financial transparency, the Latvian Cabinet has approved Bill No. 24-TA-3148, a legislative package designed to implement the Crypto-Asset Reporting Framework (CARF) and the Directive on Administrative Cooperation (DAC8) within the European Union. The new rules, set to take effect on January 1, 2026, will significantly expand reporting obligations for…