Tag "Bank of Lithuania"

Bank of Lithuania Seeking to Improve AML Framework With Fintech Partnerships

The Bank of Lithuania, together with ACAMS Baltics Chapter, Fintech Hub LT and the Association of Lithuanian Banks, organised a virtual international conference to discuss topical issues and ways for further improving the AML/CTF framework. The “Anti-Money Laundering and Counter Terrorist

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Bank of Lithuania Reports Digital Payments Pace Accelerating Despite COVID-19

In the first half of 2020, the number of payment transactions and income of electronic money and payment institutions (EMIs/PIs) has continued to grow at a rapid pace despite the pandemic. “The trends observed in the first half of the

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Bank of Lithuania Urges Electronic Money Institutions to Comply With Capital Requirements

The Bank of Lithuania urges electronic money and payment institutions (EMIs/PIs) to adhere to the established laws and capital requirements or face the consequence of having their infringements made public as part of their enforcement measures. “Capital requirements, along with

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Bank of Lithuania Issues LBCOIN– the World’s First Digital Collector Coin

Today the Bank of Lithuania issued its digital collector coin LBCOIN. Tthis is not only the first digital coin issued by a central bank in the euro area, but also across the world. LBCOIN is dedicated to Lithuania’s 1918 Act

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Bank of Lithuania Releases Digital Currency Collector Coin

The Bank of Lithuania will be issuing their blockchain-based LBCOIN digital collector coin LBCOIN on 23 July which claims to be the world’s first of its kind. The development of LBCOIN was initiated during the hackathon held by the central

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Bank of Lithuania’s Digital Collector Coin Has Entered Its Final Phase

The world’s first blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase. Upon its successful completion, the digital coin should be issued by July 2020. “LBCOIN is

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Revocation of Bruc Bond, UAB Payment Licence for Serious Violations of National Legislation

The Board of the Bank of Lithuania has revoked the payment institution licence held by Bruc Bond, UAB (formerly UAB Moneta International). Such a decision has been taken in view of non-compliance with the requirements pertaining to its existing licence

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Bank of Lithuania Approved The Sample Of The World’s First Digital Collector Coin

The Board of the Bank of Lithuania has approved the sample of the physical version of the digital collector coin – an original silver coin bearing a denomination of €19.18 to commemorate the year of the Act of Independence of

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Lithuania Brings World’s First Blockchain Based Digital Collector Coin

The world‘s first blockchain-based digital collector coin created by the Bank of Lithuania is dedicated to the 16 February 1918 Act of Independence of Lithuania and its 20 signatories. The coin is expected to be issued in spring 2020. “This

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Bank of Lithuania in Final Sandbox Testing with IBM and Tieto for LBChain

The Bank of Lithuania has chosen IBM Polska and Tieto Lietuva, UAB to proceed to the next stage of its endeavour to create LBChain, a blockchain-based technological platform. The winner of the project will be revealed after the final testing

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