‘Huge Cash Flows’: Lithuania Voices Concern Over ICO, Crypto Trading
Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy, a press release reported Wednesday, October 3, amid an ongoing investigation into cryptocurrency trading habits.
Lithuania Issues Guidelines for When ICO Tokens Are Securities
Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country.
Lithuanian Central Bank Seeks Developers for Blockchain Sandbox
Bank of Lithuania, the country's central bank, announced on Friday that it is soliciting proposals from software developers to kick off its LBChain initiative - a "service-based blockchain platform" aimed to serve as a regulatory sandbox for startups working with blockchain technology.