2019-4-8 18:50 |
Lithuania’s finance ministry plans to release legal amendments for operating crypto-related businesses in the country
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The prospective amendments to Russia’s crypto regulations are meant to fight money laundering and promote legal crypto adoption.
2019-3-8 21:50 | |
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On December 7, the Federal Council of Switzerland issued a report, providing a legal framework for distributed ledger technology (DLT) and blockchain, stating that the country’s existing rules are well suited to dealing with such new technologies, but there is still a need for some amendments.
2018-12-17 13:01 | |
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Lithuanian financial watchdog recently released a detailed list of payment service providers to be investigated in 2023, causing uncertainties for some crypto networks. Binance Visa card issuer under investigation Lithuanian watchdogs, including the apex bank, are severely cracking down on…
Lithuania is taking cryptocurrency regulation seriously. The institutions of the European Union are urged to expedite the process of regulating cryptocurrencies in consideration of the growing number of crypto-asset service providers in Europe, current global challenges, and the increased risk of money laundering and terrorism financing associated with virtual currencies. In an effort to combat money […]
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro.
The Bank of Lithuania has officially released its NEM blockchain-based collector token dubbed ‘LBCOIN’. The launch commemorates Lithuania’s Act of Independence of 1918. LBCOIN consists of six digital tokens and one physical collector coin.
The Bank of Lithuania will start the sale of LBCOIN, a digital collector’s coin, on July 9. Based on the NEM Blockchain, users will be able to trade tokens for a physical silver coin once they have collected each of the six unique tokens available in the entire 24,000 collection.
This year has seen the beginnings of a global race to launch central bank crypto-assets (CBDCs). No country has managed it yet but China is emerging as the clear favorite. This has spurred the forward-thinking banks of the world into action, and Lithuania is the latest to join the cryptocurrency party.
Bank of Lithuania (Lietuvos Bankas), the 97-year-old financial institution that functions as the nation’s central bank, has announced plans to roll out a distributed ledger technology (DLT) powered digital collector coin dedicated to the country’s past leaders who fought for its independence, according to a press release, December 9, 2019.