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Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
Lithuanian Financial Intelligence Arm Lists Several Crypto Firms as New AML Violators
4.8.2023
The Financial Intelligence Unit (FNTT) of Lithuania has released a new list of anti-money laundering (AML) violators, featuring several crypto service providers in the country.
Lithuania is fast becoming a significant player in the European digital asset market, with its progressive approach...
Crypto exchange BitGet seals Lithuanian crypto registration
20.4.2023
Seychelles-based cryptocurrency exchange BitGet secures green light to operate in Lithuania
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations
7.10.2022
PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According...
Lithuanian Government Approves Stricter Crypto Regulations
11.6.2022
The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing Russian attempts to circumvent Western sanctions imposed over the war...
Revolut Launches Banking Services in Spain Featuring Deposit Insurance
14.1.2022
Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000...
Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies
25.11.2020
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...
Lithuanian tax service’s first confiscated crypto sale nets $7.6M
24.11.2020
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro
Lithuanian Central Bank’s Commemorative Digital Token Goes Live Thursday
22.7.2020
Lithuania’s central bank is set to issue 24,000 digital tokens commemorating the re-establishment of Lithuanian independence in 1918
NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security
12.3.2020
Israeli-Lithuanian telecom startup partners with NEM to build secure and private mobile phone technology
Lithuanian Central Bank Announces Blockchain Collector Coin
9.12.2019
Lithuania’s central bank announced that in 2020 it will release a blockchain-based collector coin
Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC
17.9.2019
Lithuanian convenience stores Narvesen and Lithuanian Press kiosks to sell Bitcoin