Lithuania Avoids Becoming the ‘New Estonia’ After Updated Crypto Regulation Announced

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Crypto regulation can be challenging to navigate, especially given the ever-changing nature of the market. Countries worldwide put their own measures in place to prevent issues related to money laundering and terrorism financing, yet they must still strike a balance between creating a safe environment and promoting innovation. 

Lithuania is the most recent country to change its regulatory approach, which has been viewed with trepidation by many. However, although these new rules and guidelines present some hurdles, they ultimately help foster a better working environment for all. 

With that in mind, this article will take an in-depth look at the crypto regulation changes coming into place in Lithuania before comparing the situation to that of Estonia. We'll also explore how crypto firms can navigate this new regulatory landscape before diving into the benefits of choosing Lithuania as a base of operations. 

Understanding cryptocurrency regulation is a challenging endeavour – even for those experienced in virtual asset law. So, to ensure readers can appreciate the upcoming changes to Lithuania's crypto regulation, we'll first provide an overview of the current authorization requirements before highlighting how these will be updated in the months ahead. 

Lithuania has developed a strong reputation over the past few years concerning its approach to crypto market innovation. Financial transactions using cryptocurrency are entirely legal in Lithuania, and the requirements to set up a business have traditionally been relatively simple, making the country an appealing prospect to