Changes in the Regulation of Crypto Exchanges in Lithuania And Estonia
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RIS BIB ENDNOTEChanges in the Regulation of Crypto Exchanges in Lithuania And Estonia
Publication date: 30.06.2023
Financial Law Review, 2023, Issue 29 (1)/2023, pp. 8 - 20
https://doi.org/10.4467/22996834FLR.23.002.18144Authors
Changes in the Regulation of Crypto Exchanges in Lithuania And Estonia
This article consults new regulations in Estonia and Lithuania where significant amendments have been adopted for the establishment and approval of crypto exchange services' providers. While Estonia has adopted an important amendment to the regulation of providers of crypto exchange services and of crypto wallet services, Lithuania has adopted a completely new regulation that has never been part of its legal system in any aspect. Despite these amendments, it's expectable that these regulations will have only temporary effect by the adoption of Markets in Crypto Assets Regulation (MiCA), now only at the stage of working paper.
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Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC.
Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC.
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Information: Financial Law Review, 2023, Issue 29 (1)/2023, pp. 8 - 20
Article type: Original article
Faculty of Law, Masaryk University, Brno, Czech Republic
Published at: 30.06.2023
Article status: Open
Licence: CC BY-NC-ND
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