The revision of the Lithuania ruling framework of money laundering laws was made in hopes of making the crypto sphere more easily understandable and less risky.
With the quick creation and growth of the crypto sphere and its products, the Lithuanian government feels that it needs to speed up the development of regulatory frameworks around digital assets. These changes are being put in place to ensure that the country is ready and already has an established framework before the EU finalizes its own regulatory system.
The coming framework is rumored to have more detailed criteria for customer identification and forbid anonymous accounts.
