Post by Lietuvos bankas | Bank of Lithuania

Lietuvos bankas Board member Marius Skuodis took a deep dive on the FUTURE of FINANCIAL SERVICES in Europe during the #Money2020 conference in Amsterdam. Business-driven innovation usually is moving faster than regulation and it requires both regulators and market participants to adapt continuously. The payments sector in particular is increasingly exploring ➡️stablecoins, ➡️tokenisation, and ➡️new forms of financial market infrastructure.   „We believe the next stage of innovation will come from the convergence of traditional finance and digital assets. Only by maintaining an ➡️open dialogue, ➡️embracing innovation, and ➡️ensuring a robust regulatory framework can we provide a strong foundation for new financial services that benefit customers in Lithuania and across the EU – and this strategy is already delivering results,” noted Marius Skuodis.   Since 2016, LIETUVOS BANKAS has been one of the KEY ARCHITECTS of Lithuania’s FINTECH SUCCESS STORY. Initiatives such as the Newcomer Programme (one‑stop‑shop) and CENTROlink, together with an efficient licensing regime, have been essential pillars of our national fintech strategy – enabling companies to establish and scale their operations in Lithuania and across the EU.   Each year, 150–200 companies engage with the Newcomer Programme (https://lnkd.in/dfCCdyez). Historically, around 35% of enquiries have focused on payments, but we are now seeing growing interest in MiCA, crypto‑assets, banking, and investment services.