Latvia Custodial Wallet — Compliant Development
Launch a custodial wallet in Latvia with compliance controls mapped to FKTK and MiCA. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Latvia · Custodial Wallet
Latvia supervises crypto-asset service providers under MiCA through Financial and Capital Market Commission (FKTK). Firms offering exchange, custody, advisory, or other CASP services must obtain authorization and meet prudential, governance, and AML requirements before serving clients in the EU.
| Jurisdiction | Latvia |
|---|---|
| Regulator | FKTK |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- User identity verification through KYC processes
- Real-time transaction monitoring for compliance
- Secure storage solutions for private keys
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a custodial wallet?
- A custodial wallet is a type of wallet where a third party holds the private keys on behalf of the user, providing added security and management.
- Are custodial wallets regulated in Latvia?
- Yes, custodial wallets fall under the CASP authorization requirements and must comply with FKTK regulations.
- How does Block Intelligence ensure compliance for custodial wallets?
- We integrate compliance controls such as KYC/AML procedures and transaction monitoring into our custodial wallet solutions.