Tag "Bank of Lithuania"
Lithuanian SME Digital Financing Granted a Specialised Bank License
The European Central Bank (ECB) has granted Lithuanian capital company SME Digital Financing a specialised bank license following the assessment and proposal of the Bank of Lithuania. Having secured the license, SME Digital Financing will now be able to accept
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Bank of Lithuania to Double Down on Payment Service Providers
Bank of Lithuania reported that the number and value of payments made through its payment system CENTROlink had doubled in 2020, while instant payments increased by more than four times. Keeping in this mind, Bank of Lithuania has changed the
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Lithuanian E-Money Transactions Skyrocket in 2020
Over the first three quarters of 2020, the total number of payment transactions as well as income of electronic money and payment institutions (EMIs/PIs), which holds a significant share of the Lithuanian fintech sector, has continued to grow according to
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European Central Bank Grants Sixth Specialised Bank License to Crius LT, UAB
The European Central Bank (ECB) granted its sixth specialised bank license to Crius LT, UAB following the assessment and proposal of the Bank of Lithuania. The main difference between a specialised and a full-range bank is that the former is
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Bank of Lithuania Grants Electronic Money Licenses to Two UK Companies
The Bank of Lithuania issued electronic money institution licenses to UK companies FIDELIS EUROPE, UAB, and DiPocket, UAB. This authorises them to issue electronic money and provide payment services set forth in the Republic of Lithuania Law on payments. Following
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Curve Europe UAB Gets the Green Light for E-Money License in Lithuania
The Board of the Bank of Lithuania has granted an electronic money institution license to Curve Europe UAB, a subsidiary of Curve OS Limited, an electronic money institution licensed in the UK. This move authorises it to issue electronic money
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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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