Latvia is capitalizing on the European Union's new MiCA regulations to enhance its status as a crypto and fintech hub. The country hosts approximately 130 fintech companies, employing over 3,600 people, with an annual turnover nearing €400 million and contributing over €90 million in taxes annually. With the issuance of the first MiCA licenses, Latvia has authorized companies like BlockBen and Nexdesk to operate compliantly within its borders and offer crypto services across the EU.