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Fibonatix receives a payment institution licence from Latvijas Banka
We advised Fibonatix on obtaining a payment institution licence from Latvijas Banka. SIA Fibonatix (LV) is a company within the Fibonatix brand, which includes the UK-regulated entity Fibonatix (UK) Limited and entities in Germany and Poland, all founded by Israeli founder Tal Miller. Fibonatix’s business involves providing payment solutions for merchants (e-commerce entities and beyond). […]
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Paybis, the major crypto-asset exchange, is now EU-regulated and in Latvia
Our client, Paybis Europe, is the new EU-regulated entity of the major Paybis crypto exchange brand, having secured its crypto-asset services and payment services provider licences in Latvia. Paybis is the third entity in Latvia to obtain a licence as per Markets in Crypto-Assets Regulation (MiCA), sending a clear signal that Latvia is indeed becoming the EU crypto hub. Paybis brand has been known in the cryptospace for nearly a decade, and the group companies provide services also […]
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Second MiCA licence issued in Latvia in a single week goes to Nexdesk
Another Sorainen client, Nexdesk, has secured a licence to provide crypto-asset services under the MiCA (Markets in Crypto-Assets) Regulation. This is the third licence issued in the Baltics so far, and among the first in Northern/Eastern Europe. About Nexdesk Nexdesk is a sister company of Nexpay, an electronic money institution based in Lithuania; however, its […]
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BlockBen makes history as the first MiCA-licensed company in Latvia and one of the first in our region
Sorainen client BlockBen SIA makes history as the first company in Latvia (as well as the second in the Baltics, and among the first in Northern/Eastern Europe) to receive a licence for providing crypto-asset services under the landmark MiCA (Markets in Crypto-Assets) Regulation. About the deal BlockBen SIA belongs to a group of related companies […]
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Acquisition of Latvian wood processing company Kurekss completed
We advised the shareholders of Kurekss, which is one of Latvia’s leading sawmills and has over 30 years of industry experience, on the sale of 100% of shares in the company and, indirectly, its subsidiary Kurzemes granulas (a wood pellet producer in Latvia, in operation since 2005) to HS Timber Group. About Kurekss Established in […]