Bank of Lithuania

The ongoing trade pose a threat to Lithuania's open economy, therefore.

Vitas Vasiliauskas, the board chairman of the central Bank of Lithuania, has been named the most influential civil servant in Lithuania in the traditional elite survey, the delfi.lt news website reports on Tuesday.

In an effort to protect non-professional investors, the Bank of Lithuania is set to impose a ban on offering binary options to these investors and to restrict contracts for difference (CFD) trading.

The Board of the Bank of Lithuania issued two electronic money institution licences to SumUp EU Payments UAB and Goopal Pay, UAB. The licensed companies will be able to offer electronic money issuance (redemption) and certain payment services.

The Supervision Service of the Bank of Lithuania has concluded that the electronic money institution UAB deVere E-Money breached the requirements set out by the Republic of Lithuania Law on Electronic Money and Electronic Money Institutions by holding customer funds outside credit institutions and i...

The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020.

Lithuania should consider expanding the real estate tax base, Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, says, doubting, however, such changes could be adopted during the existing "political cycle."

A special Lithuanian governmental commission gave the same verdict that Revolut's activities do not run counter to the country's national interests after completing its third review of the UK-based fintech startup.

The Lithuanian Seimas' Committee on Budget and Finance, investigating the circumstances of the decade-old economic crisis, have in principle approved its conclusions on Wednesday.

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head of the central Bank of Lithuania and experts from an International Monetary Fund mission, who have finished the work in the country, say.

Despite the deteriorated international environment, Lithuania’s financial system is stable, while banks’ resilience to potential shocks remains high, states Bank of Lithuania in a press release.

The financial market's new participants' interest in Lithuania has cooled, the head of the country's central bank Vitas Vasiliauskas says, citing discussions and doubts n the country's over the credibility of certain startups.

Verse, the development of current accounts towards a payment tool that wipes out the friction of financial transactions between friends and in shops, has become the first Spanish Fintech to obtain a licence from the Bank of Lithuania (Lietuvos Bankas). This licence authorizes it to operate not only ...

In a change of anti-money laundering tactics, Lithuania's authorities open pre-trial investigations even if there are only suspicions about the origin of money, an official said on Wednesday.

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of the management boards of Vilkyskiu Pienine and Auga Group, and a fine of 25,000 euros on Julius Kvaraciejus, management board chairman at Pieno Zvaigzdes, for market abuses.

The United Kingdom's fintech startup Revolut has moved the operation launch date of its specialized bank in Lithuania from the first to the second half of this year, Antonia Green, a spokesperson for the company, told BNS Lithuania.

The British fintech startup Revolut's activity in Lithuania might cause problems for the country, Antoni Mikulski, head of the Lithuania's Financial Crime Investigation Service, has warned.

Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, has refrained to assess the ruling party's failed bit to adopt a parliamentary resolution on no-confidence in him, saying that the central bank will continue cooperation with the Seimas and other government institutions.

The Lithuanian parliament did not pass a resolution expressing no-confidence in the central bank governor, Vitas Vasiliauskas, on Tuesday.

Lithuanian Prime Minister Saulius Skvernelis said on Tuesday he has no confidence in Vitas Vasiliauskas, the central bank governor.