On linkedin17 Feb 2026 14:03
Shayne Tan supports this.
A sad article about a missed historical opportunity.
Binance – the world's largest crypto-asset company, which has become one of the largest Lithuanian taxpayers in a short period of time, is withdrawing from Lithuania. Binance's subsidiary Bifinity, UAB has paid more than 110 million euros to the state budget over four years. Taxes.
The company is moving to Greece, where it seeks to obtain a license as a crypto-asset service provider.
Have we really done everything to keep this global fintech giant in Lithuania?
The institutions' comment reads as follows:
"The focus of our regulation is not speed at any cost, but balanced, long-term and sustainable development of the financial market. When it comes to the crypto-asset sector, our priority is mature, reliable companies with a clear business model, a good track record and the ability to manage risks."
At this point, I remember Erica Jong's thought: "If you don't risk anything, you risk even more."
By reassuring ourselves too much with risk management (let me remind you that this company has been operating in Lithuania for almost five years), don't we take the biggest risk – to become a European province of finance?
The link to the article is in the comments.
#Crypto #FinTech #MiCA #Regulation #Innovation #Leadership #Investments #Taxes #Lithuania #Europe