Lithuania has released comprehensive new “guidelines” on Initial Coin Offerings (ICOs) in a document published June 8.
Officials are heralding the move as a “step towards certainty and transparency” in the country.
Lithuania’s approach seeks to smooth over the gaps in legislative understanding for both consumers and businesses involving themselves in ICO token handling.
“These Guidelines are another step towards more certainty and transparency in the regulatory, taxation, accounting and other requirements as well as better cooperation between different stakeholders,” the introduction continues.
In the U.S. the Securities and Exchange Commission (SEC) last week admitted it was “underwhelmed” by the lack of cryptocurrency entities registering as securities operators.

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