Lithuania Shows ‘Serious Intentions’ in Blockchain Innovation
Lithuania has shown interest in cryptocurrency and blockchain technology recently. In April, the country will hold a Bitcoin conference inviting innovators and developers to join them for this event. Additionally, a report covered by the Baltic-Review has detailed the opinion of the Vice-Minister of Economy of the Republic of Lithuania, Marius....
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Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that it has issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The central bank also “ordered the company to ensure that its publicly available information is not misleading.” The central bank explained that it has assessed publicly available....
Prominent Lithuania-based venture capital firm Nextury Ventures is hosting the largest Bitcoin and blockchain conference in the Baltic States ever on April 8, in association with Vilnius City Municipality. The event will be participated in by angel investors, venture capital firms, experts, entrepreneurs, startups and officials of Lithuania to discuss about the general Bitcoin ecosystem, and potential use-cases of the digital currency. “Lithuania in general and Vilnius in particular are becoming a center for international financial innovation. The R&D sector has already seen the arrival....
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the....
Following a string of similar announcements from Estonia and Russia, the Central Bank of Lithuania issued a warning to its citizens regarding the use of bitcoin and other virtual currencies on 31st January. Now, two weeks later it has clarified its intent, indicating that the possibility of new regulation remains "under discussion", but that it would likely monitor decisions from Europe before enacting any laws. Speaking to CoinDesk, the Central Bank of Lithuania expanded upon earlier warnings that suggested the eastern European nation may issue "an official ban" on currencies not....
With London moving out of the European Union, Germany, Switzerland, Greece, and Lithuania emerge as potential fintech hubs of the future. London has so far been considered as the financial powerhouse of the European Union. With Britain, all set to separate from the EU following its Brexit vote, the position is now open for others to fill in. While Germany and Switzerland remain the most favored replacement for London, there are two unlikely contenders — Greece and Lithuania making a hard push to attract fintech and blockchain startups into their country. Since the announcement of Brexit,....