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FinTech
Revolut’s EU Trading Unit Gains MiFID II Upgrade from Lithuania Following €3.5 Million Fine
2025-04-23T16:24:56.329+02:00
The Bank of Lithuania upgraded Revolut’s European trading unit to a Category A firm.
Recently, the firm launched Revolut X, a crypto trading app for UK users.
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FinTech
Revolut Faces $3.8 Million Fine in Lithuania for Money-Laundering Prevention Shortcomings
2025-04-08T19:16:12.537+02:00
The firm faces the largest fine issued by the Lithuanian central bank.
The company, valued at $45 billion, reported a record £438 million profit in 2023.
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CryptoCurrency
Bulgaria Emerges Over Lithuania as Bitget's Compliance Hub in MiCA Preparations
2025-02-14T12:00:00.000+02:00
Cryptocurrency exchange Bitget has received regulatory approval to operate as a Virtual Asset Service Provider in Bulgaria.
The license permits the company to offer trading and custody as it prepares for broader EU regulatory compliance.
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CryptoCurrency
Bitget Eyes Lithuania as MiCA Compliance Deadline Approaches
2024-12-11T15:01:46.631+02:00
The company plans to open a new office in the country and build a team focused on the new regulations.
The exchange is already licensed in Poland, Italy, and Australia and is reportedly seeking regulatory approvals in 15 other markets.
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Retail FX
DriveWealth Plants European Flag in Lithuania's Fintech Hub
2024-10-31T12:12:40.722+02:00
The BaaS company secures a European brokerage license, establishing Vilnius as its European hub.
The fintech platform expands its global footprint, marking its third regulatory jurisdiction alongside the US and Singapore.
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The UK's Bud Taps Lithuania as European Hub amid Fintech Boom
2024-07-22T10:22:32.468+02:00
The UK-based financial data intelligence platform received an AIS Provider license.
The company aims to expand its team in Vilnius, which became a "mature fintech hub."
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Crypto Bank Meld Expands Offerings with Tokenized Real-World Assets
2024-03-20T14:53:29.627+02:00
Meld aims to facilitate lending and borrowing against tokenized real-world assets for crypto investors.
Recently, the crypto bank obtained a virtual asset service provider license in Lithuania.
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