The main institutional actors of the Fintech industry in Lithuania signed a Memorandum of Understanding (MoU) to confirm the National Fintech Guidelines for 2023-2028.
Among the signers of the MoU are the Ministry of Finance, the Bank of Lithuania, city development agency Go Vilnius, and several business associations and hubs, including ROCKIT, Fintech Hub LT, Infobalt, and BCCS.
Guidelines for five direction
The Guidelines, comprising five directions, aim to improve businesses’ conditions and continuously develop an open, transparent, and secure regulatory framework.
The Ministry of Finance oversaw the drafting of the Guidelines, acknowledging the strategic importance and potential of the sector to the country’s economy.
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