Lithuania’s finance ministry has unveiled new ICO guidelines, continuing its efforts to unite sections of the country’s finance sector and nascent blockchain economy. Lithuanian Govt: ICOs ‘Should Be Regulated’ The document, released June 11, comes in the form of a multidimensional “interpretation” of securities laws, and explains under what circumstances they would apply to ICO tokens. In a commentary on the release, Minister of Finance Vilius Šapoka notes: We do believe that certain usage of it,
Tag Archive: Lithuania
Bitcoin, Bitcoin Regulation, Blockchain Technology, News, News teaser Bitcoin, Bitcoin Businesses, Blockchain Technology, News, News teaser
Lithuanian cryptocurrency payment processor CoinGate has become one of the first industry businesses to offer Lightning Network (LN) settlements for Bitcoin. CoinGate: LN ‘Without Doubt Most Awaited Bitcoin Network Upgrade’ In a post on Reddit, CoinGate, which has operated since 2014 but saw over half its transaction volume this year, confirmed it was operating LN in a “sandbox environment” while “intense testing” continues. “Lightning Network is the next major technological innovation in the Bitcoin space.
Altcoin News, Bitcoin Acceptance, FinTech, News, News teaser
The central bank of Lithuania has begun talks with commercial banks and virtual currency traders on their attitudes towards cryptocurrencies. Though she acknowledges the risks, Jekaterina Govina, fintech strategy coordinator at the Bank of Lithuania, says: Blind denial, reluctance to understand and to work with the cryptocurrency world leads nowhere. Usually conservative on the matter of cryptocurrencies, the central bank of Lithuania has gathered representatives from the banking sector, virtual currency traders, those involved with