The Bank of Lithuania

ADB Compensa Vienna Insurance Group fined

ADB Compensa Vienna Insurance Group fined After assessing the inspection results of ADB Compensa Vienna Insurance Group, the Board of the Bank of Lithuania imposed it a fine of €20,000 for violations of legal acts and disclosure of misleading...

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Bank of Lithuania position on virtual assets and initial coin offering reflects changing market realities

Taking into account current market developments and evolving regulatory regimes as well as seeking to ensure a level playing field for all financial market participants, the Board of the Bank of Lithuania has updated its position on virtual assets and...

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Researchers in economics awarded €10 and €5 thousand

The Board of the Bank of Lithuania granted three researchers in economics awards for scientific activities and dissertations in the field of economics. The co-authored experimental paper on different labour taxation forms by Matthias Gerhard Weber and...

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Surplus on the current account is decreasing

Balance of Payments of the Republic of Lithuania December 2018

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Electronic money and payment institutions to provide more information 

The Board of the Bank of Lithuania approved two descriptions of procedures for electronic money and payment institutions indicating what reports on their activities they are required to prepare and submit to the Bank of Lithuania for supervisory...

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Coin dedicated to Užgavėnės features a flaming Morė

The Bank of Lithuania has issued into circulation two collector coins dedicated to the end-of-winter celebration Užgavėnės – a €1.5 coin from a copper-nickel alloy and a €5 silver coin featuring the legendary Morė, the effigy of winter, and...

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Bank of Lithuania acknowledged as a supervisor that proactively implements anti-money laundering measures

The Bank of Lithuania devotes considerable attention to money laundering risk management and has already implemented certain measures to combat such illicit activities. Having carried out a comprehensive assessment of the situation in the country and...

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Bank of Lithuania evaluated as a supervisor that proactively implements anti-money laundering measures

The Bank of Lithuania devotes considerable attention to money laundering risk management and has already implemented certain measures to combat such illicit activities. Having carried out a comprehensive assessment of the situation in the country and...

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Phase II of the LBChain project: Registration for FinTech companies has started

The Bank of Lithuania starts the second stage of the LBChain project. FinTech companies seeking to develop or test a blockchain-based product together with leading experts are invited to apply for participation by 15 February.

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Global sandbox: opportunity to test innovative products and services worldwide

The Bank of Lithuania has joined the global sandbox initiative which aims at providing support for firms wishing to test innovative financial products, services or business models across international markets. 

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Lithuania’s FinTech results in 2018: rising potential and world-known market players

Over the year, the number of Lithuanian-based FinTech companies and their employees grew by more than 40%. In addition, by number of licensed electronic money institutions, Lithuania was in the lead in continental Europe. The results of the FinTech...

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Statement regarding Nordic-Baltic financial crisis simulation, January 2019

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania,...

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Unique opportunity for FinTech companies: join LBChain and test your innovation

​ The Bank of Lithuania invites FinTech companies to participate in the LBChain project where, together with leading blockchain experts, they will develop or test their blockchain-based innovations. The project will be presented on 6 February at...

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Deposits of Lithuanian residents with credit institutions continued to increase

Balance Sheet of Monetary Financial Institutions, December 2018  

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Board of the Bank of Lithuania issues two new licences 

The Bank of Lithuania has granted UAB iyzi Payments a payment institution licence authorising the provision of the following payment services established in the Republic of Lithuania Law on Payments: direct debits, card payments, credit transfers,...

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