Lithuanian Companies Providing Cryptocurrency Services Halve Amid Capital Rules Change
Regulatory Changes Prompt Significant Decrease in Registered Cryptocurrency Service Providers
Recent Legislation Requires Higher Capital Thresholds for Authorization
The cryptocurrency industry in Lithuania is experiencing a significant shift as the number of registered companies offering cryptocurrency services has more than halved. This drastic reduction comes following a recent regulatory change mandating that authorized companies maintain a minimum capital of €125,000.
Industry experts attribute this sharp decline in registered companies to the new rule, which has raised the financial threshold for companies seeking to provide cryptocurrency services in the country. Previously, companies could operate in this sector with lower capital requirements, but the revised regulation has set a higher bar.
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Disclaimer:
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
