The encryption regulations adopted by Lithuania are more stringent than those of the European Union, or become the first country in the world to implement FATF recommendations.

According to Bitcoin.com, Sigitas Mitkus, Director of the Financial Market Policy Division of the Ministry of Finance of Lithuania, stressed that the Lithuanian authorities have enacted legal amendments that are more stringent than the EU's fifth anti-money laundering directive (AMLD 5) through certain restrictions on financial operations. . Lithuania is likely to be the first country in the world to implement the FATF (Anti-Money Laundering Financial Action Task Force) recommendations, not only to apply these requirements to the cryptocurrency and traditional currency transactions, but also to apply these requirements to transactions between cryptocurrencies. .