The Baltic Review, a news agency covering the Baltic’s recently published an article expressing Lithuania’s intentions to invest in cryptocurrencies. The Vice-Minister of Economy of the Republic of Lithuania has claimed the country has “serious intentions” to invest in technologies distributed ledger technology like the blockchain and cryptocurrencies such as Bitcoin.
As reported by the publication, Marius Skarupskas, Vice-Minister of Economy of the Republic of Lithuania said:
We think that technologies such as blockchain, cryptocurrency, and bitcoin are among the latest and most exciting financial innovations. Lithuania and Vilnius have serious intentions to invest into breakthrough[s] in this area and to become a leader on the regional and global scale.
Oddly enough The Bitcoin Conference 2016,” to be held in Lithuania’s capital Vilnius, in association with the Vilnius City Municipality. The event is seen as the largest cryptocurrency conference in the Baltic states, to be held on April 8, 2016.
It will be interesting to see if a nation will adopt a cryptocurrency and make it a “legitimate” currency.