Latvia

The flag carrier of Latvia AirBaltic has become the first-ever airline to create non-fungible tokens (NFTs). The airline unveiled that it will create NFT in a short supply to exhibit one of its registered Airbus A220-300 and also use it to promote the tourism industry in the country.

The anti-terrorist squad and state police of Riga, Latvia, have arrested a man who was planning to kidnap and kill two people to steal their cryptocurrencies worth half a million euros.

The COVID-19 pandemic and global economic crisis triggered the increase in illegal activity related to cryptocurrency. However, law enforcers also keep themselves busy to fight the growth and put as many criminals behind bars as possible.

Officers of the Cybersecurity Department of Latvian Police exposed the activity of an organized gang of cybercriminals. During the operation, the law enforcers confiscated cash and cryptocurrency in the amount exceeding 110,000 Euro.

The State Revenue Service of Latvia calls for the use of Blockchain technology to control tax flow and combat the shadow economy. As one of the possible solution, Blockchain-based systems can be used in the cash registers reform.