Cryptocurrency information about Lithuania
It is estimated that over 70 thousand people, 2.58% of Lithuania’s total population, currently own cryptocurrency.(1)
Lithuania has become one of the first countries in the world responding to the impact of the cryptocurrencies on financial markets. After long internal discussions, the Lithuanian State Tax Inspectorate’s (LR VMI) announced a commentary about the operations related to the taxation of cryptocurrencies’ turnover and it will undoubtedly add more clarity to the application of the tax laws to activities related to cryptocurrencies, ICO and tokens.(2)
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