Bank of Lithuania – DIGIT INFO

Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

Wirex cards may stop working in the European Economic Area but funds held in the account are safe, the company said.

Cryptopay EU card provider loses license, company says card funds are safe

The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet.

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Bank of Lithuania Issues Guidelines on Security Token Offerings

Bank of Lithuania Issues Guidelines on Security Token Offerings Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More […]

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Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

Financial Companies in Lithuania to Accept Cryptocurrencies Through Third Parties The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments. Also read: Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account […]

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Crypto Exchange Globitex Launches Banking Solution With Instant Transfers

Crypto Exchange Globitex Launches Banking Solution With Instant Transfers Cryptocurrency exchange Globitex has launched a new service called the Euro Wallet which allows users to make and receive euro payments in their personal IBAN accounts like any other European bank account. The company claims that this service is a solution to banks closing accounts of crypto businesses. Also read: Indian Supreme Court Moves Crypto Hearing, […]

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Blind Denial of Cryptocurrencies Leads Nowhere, Bank of Lithuania Says

Blind Denial of Cryptocurrencies Leads Nowhere, Bank of Lithuania Says The central bank of Lithuania has started discussions on regulations with crypto businesses and commercial banks. The reluctance to understand the world of cryptocurrencies leads nowhere, its fintech coordinator said during a meeting in Vilnius. Lithuanian projects have attracted 10% of ICO investments last year, the local community claims. Cryptocurrencies like bitcoin enjoy a growing […]

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