Lithuania Joins the Fray: Set to Introduce Stringent Crypto Regulations

Earlier this week, local news agency Delfi reported that the country is working on implementing sweeping new regulations for cryptocurrency transactions, and things are looking on pace for approval. According to the publication, Lithuania’s new laws would require all crypto-related businesses to provide details of all their clients.

Delfi reported that the new regulations were approved by the country’s parliament on Wednesday, although a time frame for nationwide implementation hasn’t been set just yet. If there’s one thing the report is sure of, it’s that the country wants to formalize the activities of all crypto-based exchanges, in a move to adhere to the European Union’s Anti-Money Laundering (AML) requirements.

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