The Republic of Lithuania recently released Initial Coin Offering (ICO) guidelines for the nation on June 6, 2018.
While it may be challenging to promote innovation while protecting consumers and the financial system of any potential shocks, Lithuania believes they can no longer ignore the development of emerging technologies such as blockchain technology. With this in mind, the Eastern European nation revealed regulations for ICOs.
According to Vilius Sapoka, the Minister of Finance of Lithuania, the guidelines are “another step towards more certainty and transparency in regulatory, taxation, accounting, and other
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