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Paysera raises authorised capital to EUR 7 mln

News | Payments General | 07 Jan 2021

Lithuania-based fintech Paysera has raised its authorised capital from EUR 3 million up to EUR 7 million as a result of accumulated profit, according to the official press release.

Paysera, fintech, Lithuania, authorised capital, Bank of Lithuania, e-payments, PSP, Baltic, EMI

Bank of Lithuania gets green light for Centre of Excellence in Anti-Money Laundering

News | Digital Identity, Security & Online Fraud | 02 Nov 2020

The Lithuanian government has approved the establishment of the Centre of Excellence in Anti-Money Laundering, a public-private cooperation project initiated by the Bank of Lithuania.

Bank of Lithuania, financial crime, fraud prevention, AML, CTF, banking, Lithuania

Lithuania approves Centre of Excellence in Anti-Money Laundering

News | Digital Identity, Security & Online Fraud | 29 Oct 2020

The Lithuanian government has approved the the establishment of the Centre of Excellence in Anti-Money Laundering, a public-private project initiated by the Bank of Lithuania.

Lithuania, AML, anti-money laundering, Bank of Lithuania, CTF, counter terrorism financing

Bank of Lithuania calls for a uniform EU-level approach to fight money laundering

News | Digital Identity, Security & Online Fraud | 01 Oct 2020

The Bank of Lithuania has evaluated EU’s proposal for a common supervisory framework (mechanism) and calls for a uniform EU-level approach to fight money laundering.

Bank of Lithuania, KYC, money laundering, compliance, regulation, payments , banking, fraud prevention, entities

Development of the Bank of Lithuania's digital collector coin has entered its final phase

News | Cryptocurrencies | 03 Jun 2020

A blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase.

LBCOIN, tokens, blockchain, fintech, innovation, KYC, Bank of Lithuania, e-shop, NEM blockchain-based software, financial sector, Lithuania

Bank of Lithuania gives guidelines on opening accounts for e-money and payment institutions

News | Payments General | 29 May 2020

The Bank of Lithuania has prepared and approved its position on the right of electronic money institutions (EMIs) and payment institutions (PIs) to access bank accounts opened with credit institutions.

e-money, payments , banks, financial institutions, fintechs, Bank of Lithuania, credit institutions

Bank of Lithuania's LBChain project reaches the finish line

News | Cryptocurrencies | 25 May 2020

The Bank of Lithuania’s LBChain project – a unique blockchain-based sandbox – has reached the end of its third and final stage.

fintechs, blockchain, Bank of Lithuania, TietoEVRY, IBM, LBChain, Lithuania

Electronic money and payment institutions on the rise in Lithuania

News | Payments General | 20 Mar 2020

At the end of 2019, a total of 115 electronic money (EMI) and payment (PI) institutions operated in Lithuania.

electronic money, Payment Institutions, Bank of Lithuania, payments , licences, study, Lithuania

Bank of Lithuania launches tool to streamline reporting procedures

News | Online & Mobile Banking | 24 Feb 2020

Bank of Lithuania, together with Columbus Lietuva and Peekdata, introduced a RegTech solution prototype which will automate reporting procedures.

Bank of Lithuania, bank, online banking, automated reporting procedures, Columbus Lietuva, Peekdata, Open Banking, API, Europe, PSD2

Bank of Lithuania on the potential of central bank digital currencies

Interviews | Cryptocurrencies | 30 Jan 2020

The Paypers has sat with AistÄ— JuškaitÄ—, principal economist at the Market Infrastructure Department, Bank of Lithuania to discuss about the potential behind CBDC

CBDC, cryptocurrency, digital currency, monetary laws, Bank of Lithuania, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Sveriges Riksbank, Swiss National Bank, central bank digital currencies

Bank of Lithuania approved the sample of a digital collector coin

News | Cryptocurrencies | 20 Jan 2020

The Board of the Bank of Lithuania has approved the sample of the physical version of the digital collector coin.

Bank of Lithuania, digital collector coin, silver coin, LBCOIN, blockchain, Lithuania

Bank of Lithuania publishes analysis on central bank digital currency

News | Cryptocurrencies | 10 Dec 2019

The Bank of Lithuania has issued an analysis on central bank digital currency (CBDC) design choices as well as monetary policy and financial stability implications.

Bank of Lithuania, central bank digital currency, blockchain, monetary policy, financial stability, Lithuania, LBCOIN