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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Lithuania

News and updates related to Lithuania.

BitOK Experts Elucidate €9.3 Million Fine Imposed on Payeer
ForkLog 8 11.07.2024

BitOK Experts Elucidate €9.3 Million Fine Imposed on Payeer

BitOK has delved into the reasons behind the Lithuanian regulator’s record fine of nearly €9.3 million on the payment service Payeer and shared its findings with ForkLog. The Financial Crime Investigation Service (FNTT) under the Ministry of the Interior cited serious and deliberate violations by the platform of international sanctions and the Law on the […]
AI translated
Lithuanian Regulator Fines Crypto Platform Payeer Nearly €9.3 Million
ForkLog 17 10.07.2024

Lithuanian Regulator Fines Crypto Platform Payeer Nearly €9.3 Million

The Lithuanian Financial Crime Investigation Service (FNTT) has imposed a record fine of €8.23 million on the crypto processing platform Payeer for failing to comply with international sanctions. Additionally, the company will pay €1.06 million for violating the Law on the Prevention of Money Laundering and Terrorist Financing (PPTFPĮ). Operating as a virtual asset service […]
AI translated
Lithuania to Implement Licensing for Cryptocurrency Firms
ForkLog 8 03.04.2024

Lithuania to Implement Licensing for Cryptocurrency Firms

Lithuanian authorities plan to significantly reduce the number of cryptocurrency companies operating in the country by introducing mandatory licenses. This was reported by Bloomberg, citing Simonas Krėpšta, a member of the local central bank’s board. Currently, around 580 specialized firms are registered in the jurisdiction, many of which were established by citizens of other EU […]
AI translated
Media report Russians' sanctions-busting via crypto firms in Estonia and Lithuania
ForkLog 17 05.10.2023

Media report Russians’ sanctions-busting via crypto firms in Estonia and Lithuania

VSquare experts analysed around 300 crypto companies registered in Estonia and Lithuania and found dozens of cases of fraud, money laundering, sanctions evasion and illicit financing of criminal organisations.
AI translated
Lithuania tightens regulation of the crypto industry
ForkLog 7 09.06.2022

Lithuania tightens regulation of the crypto industry

The Lithuanian government approved amendments to anti-money laundering and counter-terrorism financing legislation concerning the regulation of the cryptocurrency market, according to the Ministry of Finance.
AI translated
Ripple partners with Lithuanian money-transfer provider FINCI
ForkLog 17 20.05.2022

Ripple partners with Lithuanian money-transfer provider FINCI

American fintech company Ripple announced a partnership with the Lithuanian provider of international online money transfers FINCI.
AI translated
Lithuanian fintech startup suspected of siphoning €100 million from Wirecard
ForkLog 11 18.05.2021

Lithuanian fintech startup suspected of siphoning €100 million from Wirecard

The Munich public prosecutor's office is investigating a possible link between the Lithuanian fintech Finolita and the theft of more than €100 million from the Wirecard payment service in the weeks before its collapse.
AI translated
Lithuania’s tax authority sells confiscated cryptocurrency for €6.4 million
ForkLog 10 24.11.2020

Lithuania’s tax authority sells confiscated cryptocurrency for €6.4 million

The Lithuanian State Tax Authority has for the first time sold confiscated cryptocurrency for €6.4 million. Delfi reports citing the agency.
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