Blockchain Share Register For Non-EU Companies Planned By Lithuania

Announcements, Blockchain | April 18, 2018 By:

The government of Lithuania is planning to create a blockchain system for overseas businesses to remotely register and manage their company in the European Union. The plan has been endorsed by the Bank of Lithuania, the country’s central bank.

The blockchain system would allow Virtual Limited Liability Companies (VLLC) to gain access to Lithuania’s innovation-friendly sandbox regulatory system that helps newcomers to set up operations.


Lithuania’s Central Bank Seeks Proposals To Develop Blockchain Platform “LBChain”

Announcements, Blockchain, News | March 19, 2018 By:

The Bank of Lithuania, the country’s central bank, is soliciting proposals from software developers interested in contributing to the development of LBChain, a regulatory sandbox platform for blockchain projects.

Announced in January of this year, the LBChain initiative is intended to help domestic and foreign firms gain knowledge and carry out blockchain-oriented research.