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Fintech News
Virtual Assets and ICO: What does the Bank of Lithuania say?
The Board of the Bank of Lithuania has updated its position on virtual assets and initial coin offering given the recent market developments and constantly changing regulatory framework. This was…
New regulations from the European Commission coming for TIPS instant payments
According to the recent news, the European Commission is preparing a “regulatory push” to promote the adoption of TIPS (Target Instant Payments Settlement) instant payments service, which is a potential…
EU banking authorities present a plan of FinTech regulations
The European Union’s banking authorities have proposed a strategy that is projected to improve the regulatory framework for the rapidly evolving FinTech industry, while expressing a reluctant attitude towards cryptocurrencies.…
What role should governments play in the growth of the FinTech industry?
The answer to this question varies from country to country. For instance, in some places, companies are freed from extensive and burdensome regulations, and given the opportunity to foster innovation…
The regulatory sandbox from the Lithuanian financial regulator
The Central Bank of Lithuania is now giving guidance and supervision to fintech start-ups and other businesses active in the field that are looking for an opportunity to test innovative…
FinHub: The New Strategic Platform for Innovation Introduced by the US Securities and Exchange Commission (SEC)
Last week SEC announced the readiness to fully launch FinHub, the agency’s development that is projected to fuel innovation. The tool is implemented in order to facilitate the engagement of…