Tag "Bank of Lithuania"

The World’s First Digital Collector Coin is Under Way in Lithuania

The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020. “We are moving from an idea to its

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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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Open Banking Represents the Largest Fintech Opportunity in the Baltics and Nordics

The Nordic and Baltic region is poised to become a fintech powerhouse, but challenges related to access to capital, achieving scale and reach, and regulation must be addressed, found a new survey. Launched during Money20/20 in Amsterdam earlier this week,

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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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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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