Lithuania's Sapoka Says Crypto Currencies Should Be Regulated

The video discusses the growth of fintech in Eastern Europe, particularly in Lithuania, emphasizing simplicity and efficiency. It highlights Lithuania's collaboration with the Hyperledger Project to develop blockchain standards, addressing the technology's potential and associated risks. The discussion extends to the need for regulation at both national and EU levels, with a call for global solutions. The video also covers corporate tax rates, comparing Lithuania's low rate with potential EU harmonization efforts, and debates the implications for investment and competitiveness.

What are the key principles emphasized in the growth of fintech in Lithuania?

• Complexity and slow decision-making

• Simplicity, efficiency, and quick decisions

• High costs and inefficiency

• Traditional banking methods

What is the purpose of Lithuania's collaboration with the Hyperledger Project?

• To create a new cryptocurrency

• To establish blockchain standards

• To develop new financial products

• To regulate traditional banking

In addition to financial services, where else is blockchain technology being considered for use?

• In traditional banking systems

• Exclusively in cryptocurrency exchanges

• In public services and various registers

• Only in private sectors

What is Lithuania's stance on the regulation of cryptocurrencies?

• They believe no regulation is necessary

• They oppose any form of regulation

• They support national and EU-level regulation

• They want regulation only at the G20 level

What is Lithuania's position on EU fiscal harmonization regarding corporate tax?

• They have already harmonized their tax rate

• They are against losing their competitive advantage

• They fully support raising their tax rate

• They believe harmonization is not possible