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June 13, 2018 Dash

Lithuania Creates Favorable Cryptocurrency Guidelines

dashforcenews.com

Lithuania, the European state, has recently comprehensive guidelines, “ICO Guidelines”, that outlines regulations for both cryptocurrencies and ICOs within the country.

The report covers four topics; regulation, taxation, accounting, and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT). The Lithuanian Minister of Finance, Vilius Šapoka did explain that the report is not exhaustive and whenever a discrepancy exists between the guidelines and institutions, the latter will take precedent. Vilius Šapoka had an overall positive attitude about cryptocurrencies saying that they “acknowledge that the brave new crypto economy world is here to stay” and thus want to “encourage and invite its participants

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