Know-how
Licensing of crypto-asset services: you need to contact more than just the Bank of Lithuania
The financial and credit sector is a strategically important sector for ensuring national security under the Law on the Protection of Objects Important for National Security.
How expensive are violations for fintech companies: fines imposed in 2023-2024
In 2024, the revocations of Foxpay and Kevin licenses caused significant public attention in Lithuania; however, the total amount of fines imposed on financial market participants in 2024 was one third lower than in 2023.
How to complete a management questionnaire: four tips for prospective financial institution executives
Before appointing managers of a financial institution, a non-objection from the Bank of Lithuania to the proposed candidate must be obtained.
