Fintech

New 2025 Wind-Down Plan Rules: Key Steps for EMIs & PIs

On March 6, 2025, the Bank of Lithuania introduced new regulatory requirements for electronic money...

The Bank of Lithuania Proposes Key Updates to Governance and Compliance for EMI and PI

The Bank of Lithuania has introduced a draft resolution amending Resolution No. 247 (Draft Resolution)...

The Supreme Court Expressed It’s Position Regarding a Bank’s Right to Unilaterally Terminate a Contract With a Client

On November 6, 2024, the Supreme Court of Lithuania (SCL) reviewed a case concerning the...

The Bank of Lithuania Adopts EBA Guidelines on Historical Data Resubmission

The Bank of Lithuania will follow the European Banking Authority’s (EBA) Guidelines on the Resubmission...

RegRally Insights: EMI/PI Regulation – October 2024

Welcome to the newest newsletter on EMI/PI Regulation powered by ECOVIS, which is dedicated to...

European Digital Identity Wallets: A New Era of Secure Digital Interactions

The European Commission has taken a significant step toward enhancing digital security and privacy across...

Digital Operational Resilience Act DORA. Managing ICT risks from third parties

Regulation (EU) 2022/2554, known as the Digital Operational Resilience Act (DORA), is a regulation aimed...

Advice to E-Money and Payment Institutions on Principles of Good Governance Practices

At the end of November, the Bank of Lithuania published the new Dear CEO Letter...

Stablecoins and E-money Tokens Issuance Under the New MiCA Regulation

With MiCA’s entry into force, the crypto market finally has the legal clarity it always...

MiCA Regulation – Pan-European Crypto License

The recently adopted MiCA (Markets in Crypto-Assets) regulation is going to overrule all national crypto...

How Financial Market Participants Can Improve Their AML/CFT Compliance?

New instructions for financial market participants aimed at preventing money laundering and terrorist financing will...

How Financial Institutions Can Succeed in Keeping Track of the Sanctions Landscape, Avoiding Fines and Reputation Damage?

The Bank of Lithuania has issued instructions for fintechs on the implementation of international sanctions...