Bank of Lithuania set to board the blockchain

blockchain

The Bank of Lithuania is developing a blockchain-specific regulatory sandbox that will grant firms access to its own blockchain platform.

“Blockchain technology has a tremendous adaptation potential for innovations conducive to consumers in both the financial and public sectors,” says Marius Jurgilas, a board member at the bank, in a statement.

“Giving room to regulated development of this technology would provide our country with particularly favourable opportunities for investment and

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