Understanding the Influence of Crypto Regulation on Lithuania’s Industry Advancement

With its initial introduction in 2009, Bitcoin came as a quiet alternative to traditional currencies. Since then, however, the leading cryptocurrency has continued to transform global finance. Now, a diverse range of digital currencies within a decentralized system are driven by blockchain technology. Since blockchain paves the way for greater transparency, its impact goes beyond…

Licensing and Registration Requirements for Crypto Businesses

Amid rapid technological evolution across the world, Lithuania continues to gain traction for its crypto-friendly regulatory system. The country fosters an exemplary ecosystem for fintechs and other blockchain-based companies. In turn, Lithuania welcomes a rising number of interested stakeholders such as entrepreneurs and global partners every year.  Among other industries, the cryptocurrency sector experiences unique…

Understanding crypto regulation in Lithuania

What are the implications of cryptocurrencies in 2023? By definition, cryptocurrencies are intangible digital tokens that are traded as a form of virtual currency. These are trail-free, and easily transferable between two or multiple parties over the general internet infrastructure. Contrary to traditional money, crypto is decentralized and thus, not owned by any single person…