The Bank of Lithuania began to study cryptocurrencies, initiating a dialogue between commercial banks, state regulators and cryptotraders.

The coordinator of the fintech strategy of the Bank of Lithuania, Ekaterina Govina, said the Central Bank invited representatives of the Financial Crimes Investigation Service (FNTT), the Ministry of Finance, the banking sector and the sector responsible for the ICO, for a round table to discuss issues related to the cryptocurrency.

Govina said: “It is necessary for banks to talk with those who conducted ICO and those who converted cryptocurrencies into ordinary money. The dialogue has already been established, and it is not clear yet, where it will lead us. “

In November last year, the finance ministers in Lithuania, Estonia and Latvia signed a Memorandum of Understanding for cooperation in the fintech area, including support for innovations, including blockchain technology, in all Baltic countries.

We observe the interest of official departments of the Baltic States in cryptocurrencies regulating and the ability to use it for everyday operations.

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