Lithuania

The Bank of Lithuania Starts Adding Fintech Companies’ Innovations on the Blockchain

LBChain is the world’s first blockchain-based sandbox developed by a financial market regulator, the Bank of Lithuania. The platform was developed through a pre-commercial procurement and is now opening up to international start-ups as well as financial and FinTech companies

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Peer-to-Peer Insurance Platform to be Tested in the Lithuanian Regulatory Sandbox

UAB Workpower has become the first company allowed by the Board of the Bank of Lithuania to enter the Bank of Lithuania’s regulatory sandbox and test a peer-to-peer insurance platform. “We believe that peer-to-peer insurance services could become a cutting-edge

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Bank of Lithuania Issued Three Electronic Money Institution Licences

Bank of Lithuania issued three new electronic money institution licences. The first electronic money institution licence was granted to UAB Verse Payments Lithuania, a subsidiary of the US company Verse Technologies, Inc. The company plans to carry out activities in

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Evarvest Plans to Launch a Commission Free Stock Trading App

Evarvest, a Lithuania-based startup established with a goal of uniting the world’s stock exchanges and making them more widely accessible, reveals plans to launch a unique trading solution addressed to the next generation of investors. The soon-to-be-released app will provide

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10 Hottest Fintech Startups in the Baltic States

Despite being a relatively small market compared to its other European counterparts, the Baltic region is quickly surging ahead in the global fintech race. It was once hailed by the World Economic Forum as one of the most innovative region

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Lithuania Grants License for Swiss Fintech that Enables Cash Withdrawals Without ATMs

Sonect, a location-based P2P matchmaking platform that connects those who want to withdraw cash with those who want to deposit it, has obtained its Electronic Money Institution licence from the Bank of Lithuania, which enables the company to operate in

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9 Lithuanian Institutions Join Forces in Fintech Risk Management

Lithuania highly visible on the global Fintech innovation map also becomes a relevant risk management competence centre. By the initiative of Minister of Finance Vilius Šapoka, nine national institutions joined forces for a common goal – to promptly anticipate Fintech

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Lithuania at the Forefront of Fintech Regulation

Marius Jurgilas, Member of the Board of the Bank of Lithuania, met with experts from the International Monetary Fund (IMF) and the World Bank, sharing Lithuania’s experience in creating a fintech-conducive regulatory environment, which falls in line with international best

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Earthport Receives European Payment Institution license in Lithuania

The Lithuanian subsidiary of London-based cross-border payments facilitator Earthport  – Earthport Payment Services UAB – has been granted a Payment Institution license by the Bank of Lithuania. The license allows Earthport to continue providing payment services across the European Union.

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Lithuania Positions Vilnius as a City-Sized Sandbox for Technology Businesses

The Lithuanian capital Vilnius is emerging as the world’s biggest tech sandbox. At an important crossroads of Europe, Vilnius has always been a cosmopolitan city with important commerce that attracted a mix of cultures, languages and religions. Today, the city

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