Guys, are you ready? We are about to blow your minds! We believe that most of our readers are familiar with a Hollywood classic Crocodile Dundee but did you know that this movie was inspired by a Latvian Arvīds Blūmentāls, who allegedly killed over 10,000 crocodiles. Let that sink in for a moment. Now, that you know that Latvian heritage is full of funny and interesting facts like this, whenever you have a spare moment we surely advise you to read up on it but how about current Latvian official positions on the digital currencies? Let's find out what are bitcoin regulations in Latvia, alongside with a few exchanges that you can buy BTC from and since we are on the subject then finish it off with their online gambling legislation.
Bitcoin Regulations in Latvia
Bitcoin is currently unregulated in Latvia and the central bank has warned all of the users that it also has weak consumer protection. Well, to be frank then it sounds like Latvian officials need to do a little bit extra reading up on the blockchain currencies but let's leave that topic for another time. However, because the value is not guaranteed by any central authority it cannot legally be considered as currency, at least with current Latvian laws. Latvian airline AirBaltic was one of the first European airlines to start accepting bitcoin in 2014 after which it became a sizzling topic of discussion in the country.
Latvian Bitcoin Exchanges
As long as you don't mind sending out your personal documents then the best option for buying bitcoin in Latvia is doing so through an established BTC exchange such as Coinbase. It has a variety of funding and selling options for BTC, LTC, and ETH while also supports credit card payments at the highest market rates. Luno is a smaller exchange that sells bitcoin to Latvian users. Peer-to-Peer bitcoin exchanges such as Paxful or Localbitcoins are the fastest ways for buying BTC in Latvia. All you have to do is search for a 100% history seller for your preferred payment option and don't release the escrow until you got your crypto! Sounds easy, doesn't it? That's because it is, start your digital currencies legacy today!
Online Gambling in Latvia
Gambling in Latvia is legal and regulated by the government. Online gambling providers are allowed to operate with a license while ISP's have to block access to sites on the government's blacklist. Check out some of our many anonymous bitcoin casino reviews to find the best BTC casino today!