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Tag Archives: bank of lithuania

Blockchain-Based Collectible Coins Announced by Lithuanian Central Bank

According to the press release, the Bank of Lithuania wants the youth to buy collectible coins that remind them of history, money and virtual tech. That’s why the newly prepared coins will live both on a blockchain and in real life. The physical copies will contain signatures of people standing behind the local Act of Independence from 16 February 1918.Per Marius Jurgilas, the Board member of the BoL:“This innovative coin will feature the signatories due to their significant role in the...

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Clear Skies Ahead for SatchelPay After Clearing Regulatory Hurdle

Place/Date: Lithuania - November 20th, 2019 at 7:14 pm UTC · 3 min read Contact: SatchelPay , Source: SatchelPay SatchelPay, one of the leading European electronic money institutions, has been cleared by the Bank of Lithuania to resume all suspended services. This comes after the Bank of Lithuania imposed a temporary hold on selected SatchelPay services, following concerns raised by an audit that took place last spring. SatchelPay was immediately informed of the positive decision by the...

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