Tag "Bank of Lithuania"
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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Bank of Lithuania’s Position on Virtual Assets and ICO
Taking into account current market developments and evolving regulatory regimes as well as seeking to ensure a level playing field for all financial market participants, the Board of the Bank of Lithuania has updated its position on virtual assets and
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Revolut Becomes First Non-Bank to Secure EU Banking License from Lithuania
Revolut together with the Bank of Lithuania have announced that the challenger bank received a Specialised Bank License, which will allow offering and passporting an even wider range of solutions to customers in Europe. The move of getting a license
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Kazakhstan and Lithuania Sign Co-Operation Agreement To Promote Fintech
The Astana Financial Services Authority (“AFSA”) has established a cooperation with Bank of Lithuania. The Agreement provides a framework for co-operation, information sharing and referrals in fintech innovations area between the AFSA and Bank of Lithuania. Parties believe that through
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Fintech Cooperation Between Central Banks of Lithuania and Ukraine
The Bank of Lithuania and the National Bank of Ukraine have agreed to work together to facilitate development of financial innovations. The Co-operation Agreement in the Area of Innovation Development between the two institutions was signed on the sidelines of
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Vying for International Fintech Startups, Lithunia Launches Regulatory Sandbox
Taking advantage of the Brexit fallout, Lithunia has been seen to be aggressive in positioning itself as a fintech friendly destination in Europe. While it is not the first country that comes to mind as the next-in-line as a fintech
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Bank of Lithuania – Winner of Central Banking’s First Catalyst Award
The Bank of Lithuania has been selected as the winner of the first Catalyst Award in the FinTech & RegTech Global Awards 2018 organised by Central Banking. The award was given and the Bank of Lithuania’s activities in the field
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Cashless Payment Company Chooses Lithuania as European Base
Nayax, a global payment solutions and management platform for unattended retail, has announced the opening of a new office within Europe, Nayax Europe UAB. Nayax Europe will be situated in Lithuania, the issuing country of the required operating license for
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Lithuania Introduces Remote Fintech Licensing
Bank of Lithuania – the country’ regulator – has introduced a procedure which will allow companies to apply remotely for Fintech licences. T his regulatory technology tool willfacilitate the process of submitting and managing applications for e-money and payment institution
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