Latvia's parliament passed legislation on October 15 to tax crypto withdrawals exceeding deposits, rather than individual trades. The new law also introduces a one-time declaration process for past tax obligations, allowing holders to pay 10% of their declared assets' market value at the end of 2026. Declarations can be filed from April 1 to May 31, 2027, with the tax due by July 23, 2027. Additionally, the country's Finance Ministry has agreed to a plan to allow residents to pay personal taxes with cryptocurrency as early as 2027, aiming to attract crypto firms and investors.