Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    K Wave Media to Acquire Bitcoin in New Strategy

    Michael Saylor Initiates Sale of Bitcoin-Themed Ties

    Trump’s Bill Sparks Bitcoin Enthusiasm Among Economists

    Locate Technologies Adopts Bitcoin Treasury Strategy

    Norway’s K33 Makes First Bitcoin Purchase for Treasury

    Spot Bitcoin ETFs Attract $378 Million in New Inflows

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Delays Decision on Canary’s Litecoin ETF Proposal

    SEC Delays Decision on Canary Spot Litecoin ETF

    SEC Postpones Decision on Canary’s Litecoin ETF Proposal

    SEC Postpones Decision on Canary Spot SUI ETF

    Cardano CEO Meets Franklin Templeton on Blockchain Strategy

    Dogecoin’s Bearish Pattern Indicates Upcoming 15% Price Drop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

The Lithuanian Government to Provide a Stringent Framework for Crypto Operations

Joshua T. by Joshua T.
October 8, 2018
in Finance & Blockchain, Latest News
FNTT spearheading ICOs Framework

The popularity of ICOs has made it very important for Crypto conducive countries to have a framework in place to protects people from getting scammed by a fraudulent ICO operator. Based on an announcement from Financial Crime Investigation Service (FNTT), the Lithuanian Government has decided to adopt a legal framework which ICOs issuers can follow and use as a guide before launching their project within the country.

FNTT Meet Up

The Lithuanian Government is joining other top-ranking cryptocurrency safe havens in making sure that a legal framework is being put in place to provide adequate oversight of the crypto industry. All authorities involved in this process recently had a meetup to discuss the best possible ways to go about setting this up.

At this meetup, the Financial Crime Investigation Service (FNTT) of the country made a presentation, with the country’s top ranking financial influencers, politicians and the head of state on seat. The presentation by FNTT covers all the threats and potential benefits associated with the Crypto industry.
Coming from the director of FNTT, Antonio Mukulsk, is a statement which states that:

“the Financial Crime Investigation Service is advocating for innovation and for innovative technologies, but they should be subject to certain regulatory and control mechanisms”

He also further stated that:

“virtual currency has huge cash flows, but worries about converting them into dollars and euros as quickly as possible, leaving virtual currencies as quickly as possible”

Amount Raised so far from ICOs

So far it has been recorded that about
€500 million has been raised from Lithuanian start-up ICOs, and attendees were cautioned about over-regulated and in turn paralysing the market.

The FNTT as also recommended that the regulations should be in line with the European Parliament’s directive on the matter earlier this year.

More news about the direction which the authorities and everyone involved in decision-making process will be following is expected to start surfacing soon enough.

Tags: FNTTFrameworkICOsLithuanian
Previous Post

Ripple (XRP) Loses 8% of Its Value As Volume Declines By 50% in Seven Days

Next Post

The Community of Monero (XMR) is Preparing for the Upgrade, but the Price is Under Pressure

Joshua T.

Joshua T.

Related Posts

Ripple CEO Denies $5 Billion Circle Acquisition Rumor

by Solomon M.
June 4, 2025

Ripple's CEO denies acquisition rumors; market remains stable with no impact on digital assets.

JPMorgan Chase Accepts Bitcoin Crypto ETFs as Loan Collateral

by Solomon M.
June 4, 2025

JPMorgan Chase to accept Bitcoin and crypto ETFs for loans, marking institutional adoption.

Binance Enhances Alpha Points Security Against Bots

by Solomon M.
June 4, 2025

Binance upgrades systems to prevent bot abuse in Alpha Points program, ensuring fair access.

Moscow Stock Exchange Lists BlackRock Bitcoin ETF Futures

by Solomon M.
June 4, 2025

Moscow Stock Exchange lists futures on BlackRock's Bitcoin ETF, a regulated crypto product for Russian investors.

Donald Trump Jr. Denies Involvement in $TRUMP Memecoin

by Solomon M.
June 4, 2025

Donald Trump Jr. disclaims connection to $TRUMP memecoin, focusing on stablecoins and Bitcoin mining.

WazirX Relocates to Panama after Singapore Court Rejection

by Solomon M.
June 4, 2025

WazirX moves to Panama following a Singapore court's rejection of its restructuring proposal, impacting users' funds.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.