Tag "Bank of Lithuania"
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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Bank of Lithuania Provides Recommendations on Raising Capital Through STOs
The Bank of Lithuania has issued the Guidelines on Security Token Offering (STO) which provide greater regulatory clarity and aim at higher investor protection. “The current focus on security token offerings is taking over the waning interest in initial coin
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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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