Lithuania Plans to Allow Activity of Virtual Limited Liability Companies
Virtual Limited Liability Companies (VLLCs) working on blockchain technology will be launched in Lithuania. The country considers the possibility of allowing entities from different parts of the world to register and operate their fintech companies there. A draft has been already processed by the Lithuanian Centre of Registers.
“Physical borders between countries are becoming a thing of the past. This ambitious project is the next logical step for Lithuania, given our track record in the field of fintech,” says Ieva Tarailiene, acting director general of the Lithuanian Centre of Registers.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/lithuania-to-allow-virtual-limited-liability-companies/