The Central Bank of Lithuania began searching for developers to create and launch in 2019 platform LBChain that will “the regulatory sandbox” for blockchain-related startups. The project will be financed from the funds received from the EU, and will provide companies with a unique opportunity to test their financial technological innovation.

Overall, the project aims to create “FINTECH is conducive to regulate and control the ecosystem” and to stimulate innovation in the financial sector. It is expected that with the help of LBChain national and foreign companies will be able to conduct targeted research technologies.

Recall that at the beginning of metabank of Lithuania announced the release of the collector’s kryptonite based on blockchain technology or equivalent.