Until recently, fintechs were popping up in Lithuania like mushrooms after a warm summer rain. But now, Lithuania, deemed one of the biggest fintech hubs in Eastern and Central Europe, pushes on the brake pedal, sowing uneasiness in the sector – what to expect next?
The Bank of Lithuania says now that quality, not quantity of fintechs will matter to the country’s financial watchdog most.
The bank set out its expectations for electronic money and payment institutions in a letter to fintech managers. High quality standards will be especially a...
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