Updated Position for Crypto and ICO In Lithuania

Updated Position for Crypto and ICO In Lithuania

The Central Bank of Lithuania, Bank of Lithuania has updated the position of cryptocurrencies and initial coin offering (ICO) in the country. The bank has explained, “Given the emergence of new market models, market participants are also prohibited from issuing virtual asset loans or accepting it as collateral (except for cases where virtual asset tokens are considered to be securities).”

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