Lithuania To Establish Blockchain Based System For Registration Of Foreign Companies

Lithuania To Establish Blockchain Based System For Registration Of Foreign Companies

Lithuania is to establish a blockchain-based system to permit foreign business register their operation remotely in the EU. According to the central bank board member, Marius Jurgilas, “Initiative to create virtual companies on blockchain is a move towards even more ambitious goal – creating LTChain, i.e., moving relevant public services on the blockchain.”

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