Lithuania’s Central Bank Issues ICO Guidelines, Reminds Banks of Cryptocurrency Ban

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Lithuania’s central bank joins a growing global list of financial institutions to issue guidance for ICO (initial coin offering) fundraisings in the country.

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The Bank of Lithuania has revealed its official position on cryptocurrencies in the financial industry and ICOs, the trendy new form of fundraising powered by cryptocurrencies in a 4-page notice[PDF] approved the central bank’s board.

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