Paybis Becomes One of the First Three MiCA-Licensed Crypto Platforms in Latvia

[AIcash]

Cryptocurrency platform Paybis has received dual licensing from Latvia's central bank — a MiCA crypto-asset service provider licence and a PSD2 payment institution licence — issued on May 12 to its EU entity SIA Paybis Europe by the Supervision Committee of Latvijas Banka. The MiCA licence covers custody and administration of crypto assets on behalf of clients, exchange of crypto assets for funds or other crypto assets, order execution, transfer services, and crypto asset advisory. The PSD2 payment institution licence enables Paybis's EU entity to execute payments and make transfers to payment accounts. Paybis is only the third company in Latvia to receive a MiCA CASP licence, placing it among the earliest regulated crypto platforms in the country under the EU's comprehensive framework. CEO and co-founder Innokenty Isers described the dual licensing as enabling "a broad, future-focused offering, including working with stablecoins" — a reference to the growing stablecoin payment infrastructure market that the combination of both licences uniquely positions the company to serve.

Founded in 2014, Paybis supports 90 cryptocurrencies, serves seven million users across 180 countries, and holds money services business licences in both the US and Canada. The Latvia licensing adds EU regulatory coverage to an already internationally licensed platform, giving it a compliant foundation to operate across the single market without requiring separate national authorizations in each EU member state. Co-founder Konstantins Vasilenko told Cointelegraph the company is targeting business clients with a white-label crypto infrastructure stack covering on/off-ramps, buy/sell/swap, payment acceptance, and stablecoin payouts — all delivered through a single API that allows companies to offer crypto services to their customers without building their own regulated infrastructure from scratch.

[chainsniff]

180 countries seven million users, now fully EU regulated too

[cryptobro]

Single EU authorization covering entire single market without per-country licensing being the specific MiCA efficiency benefit