Lithuanian central bank mulls fintech sandbox

bank-of-lithuania
The Bank of Lithuania

Lithuania’s central bank has opened a consultation process on whether it should create a regulatory “sandbox” for financial technology firms, it announced on August 7.

The consultation will last until September 30, a Bank of Lithuania spokesman said in an email. The Bank of Lithuania issued a statement arguing that its regulatory regime was already one of the most favourable to fintech firms in the European Union.

The central bank will consult on whether it needs to create a “large-scale

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