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31 July 2021

Lithuania Issues Warning to Binance, Warns Investors Crypto Services Are Not Regulated – Regulation Bitcoin News

Lithuania Issues Warning to Binance, Warns Investors Crypto Services Are Not Regulated – Regulation Bitcoin News


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Lithuania’s central bank announced Friday that it has issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania.

The central bank explained that it has assessed publicly available information and found that Binance is “acting as a virtual currency exchange operator and a custodian virtual currency wallet operator” in the country.

However, the central bank clarified, “Companies that are registered in Lithuania as virtual currency exchange operators are not supervised as financial service providers,” elaborating:.

On Monday, Italy issued a similar warning about Binance.

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