August 9, 2019
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 imposed it a fine.
August 6, 2019
The Bank of Lithuania suspended the activities of SatchelPay, UAB by prohibiting it to issue electronic money and provide part of its payment services.
July 30, 2019
The Board of the Bank of Lithuania has issued electronic money institution licences to international companies and granted permission to reorganise the life insurance company.
July 25, 2019
The Board of the Bank of Lithuania has issued an electronic money institution licence to UAB Finansinės paslaugos „Contis”.
July 9, 2019
The Bank of Lithuania’s blockchain-based LBChain platform developers, together with FinTechs from Lithuania, Belgium and Finland, have been testing six different financial products within their LBChain prototypes.
June 27, 2019
UAB General Financing has been granted a specialised bank licence by the European Central Bank. This is the fourth company to receive a specialised bank licence.
May 23, 2019
The Supervision Service of the Bank of Lithuania has concluded that Linas Strėlis, member of the board of AB Vilkyškių pieninė and AUGA group, AB, has used inside information to enter into transactions on the acquisition and sale of shares of AB Žemaitijos pienas.