Lithuania will implement strict licensing pre evaluation procedures for encryption companies starting from July
2024-04-03 11:22:02
On April 3rd, it was reported that Lithuania has positioned itself as the center of fintech startups over the past decade and will phase out many cryptocurrency companies operating there when licenses are issued next year. Simonas Krepsta, a member of the Board of Directors of the Central Bank of Lithuania, stated that although Lithuania has registered about 580 crypto asset companies, it is expected that the number of fully licensed companies will be "much lower than this". He stated in an interview on Tuesday that the process will end in June 2025, and companies that fail to apply will "leave the ecosystem.".
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