Adon Legal has advised Taiwanese capital company FinCause on obtaining an electronic money institution license from the Bank of Lithuania.
"The company plans to service European Economic Area businesses and contribute to the further growth of cooperation between EEA and Taiwan by facilitating smooth international payments," Adon Legal informed. "The scope of the license will enable the company to provide a broad range of payment services, and, thus, act as the main payments partner for its clients."
According to the firm, "this is the first e-money institution license the Bank of Lithuania issued" in 2023, with the "threshold for the new market participants becoming higher and higher" in a highly competitive market.
The Adon Legal team was led by Managing Partner Donatas Sliora and included Partner Marius Matiukas and Associate Akvile Avulyte.