Nexdesk SIA has officially obtained its licence under the Markets in Crypto-Assets (MiCA) Regulation from the Bank of Latvia. This achievement marks a major milestone not only for Nexdesk, but also for Nexpay clients who benefit from operating within a fully regulated and harmonised EU environment.
On December 10, 2025, the Supervision Committee of Latvijas Banka issued a licence to Nexdesk SIA for the provision of crypto-asset services.
With MiCA now in force across the EU, crypto-asset service providers must meet strict requirements covering governance, transparency, capital adequacy, consumer protection, and operational resilience. Nexdesk’s authorisation confirms that it meets these high standards.
Nexdesk is entitled to provide custody and administration of crypto-assets on behalf of customers, execute orders and provide transferring services for crypto-assets on behalf of customers.
Sofian Berrahal, Board Member at SIA Nexdesk:
“We are honoured to be among the first two companies in Latvia to receive a MiCA license and are grateful to the Bank of Latvia for their support throughout this process. Their thoughtful guidance helped us achieve this milestone efficiently.
For our current and potential clients, the MiCA license means stronger security, standardized compliance, and greater confidence when managing traditional and digital assets.
Looking not-even-so-far ahead, it’s clear that the corporate finance will inevitably integrate crypto assets into treasury management, payments, and cross-border operations, driven by efficiency gains and evolving digital asset infrastructure.
MiCA regulation is a strong signal that digital assets are evolving into a fully regulated and strategically important component of finance.
As this shift accelerates, we are committed to providing deep liquidity, highly competitive pricing, and safe environment that supports businesses in moving assets smoothly between crypto and fiat.
What Is MiCA?
For years, the crypto sector operated under fragmented national regimes, but with the introduction of the Markets in Crypto-Assets Regulation the first comprehensive crypto regulatory framework at EU level has come into effect. It establishes clear rules for crypto-asset service providers (CASPs) operating across all EU member states by introducing:
- A unified licensing regime
- Clear consumer protection standards
- Prudential and capital requirements
- Strict governance and risk management rules
- Harmonised supervisory oversight
Nexdesk’s MiCA licence directly strengthens the service offering available to Nexpay users and partners.
EU-Wide Passporting
Under MiCA, Nexdesk can provide regulated services across all EU member states without needing separate licences in each jurisdiction. This enables seamless cross-border operations and scalability within the European market.
Stronger Client Asset Protection
MiCA imposes strict rules on safeguarding client funds and crypto-assets. Nexdesk must maintain clear segregation of assets and robust custody controls — enhancing protection and operational security.
Increased Transparency
Clients benefit from enhanced disclosure requirements, clearer communication of risks, and structured reporting obligations. Fees, risks, and service terms must meet harmonised EU standards.
Institutional-Grade Governance
MiCA requires comprehensive risk management frameworks, internal controls, and fit-and-proper management standards. This supports a stable, professionally managed operating environment.
Improved Banking & Payment Integration
Operating under an EU licence strengthens relationships with financial institutions and payment providers, helping to streamline fiat on/off-ramps and payment flows within the Nexpay ecosystem.
Market Integrity & Fair Conduct
MiCA introduces safeguards against market abuse, conflicts of interest, and unfair practices — reinforcing trust in pricing, execution, and operational fairness.
Regulatory Credibility
Being authorised under a rigorous EU framework enhances trust among partners, institutions, and corporate clients seeking compliant crypto infrastructure solutions.
Future-Proof Compliance
As regulatory scrutiny increases globally, MiCA positions Nexdesk – and by extension also Nexpay clients – ahead of evolving compliance expectations.
As the digital asset sector continues to mature, regulation is becoming a foundation for sustainable growth. With its MiCA licence secured, Nexdesk reinforces its role as a trusted infrastructure partner within the European fintech landscape.