Lithuanian central bank issues STO guidelines

The Lithuanian central bank has become the first market regulator to issue the STO guidelines. The new guidelines focus on the classification of securities tokens, evaluate specific cases and provide advice on securities-based token issues, and clarify applicable laws and regulations. In addition, companies planning to use the STO approach will need to comply with EU and national regulations on fundraising activities. The Lithuanian central bank said that the current focus on STO is gradually replacing interest in ICO. Businesses are interested in replacing bank loans with this special way of raising funds. The STO guide is intended to explain the bank's position in this regard, rather than establishing new regulatory arrangements.