The Central Bank of Lithuania is concerned about Russian investors participating in the local ICOs, according to Politico.
The Lithuanian regulator claims that with the help of ICOs, Russia criminal authorities and members of the underworld can launder illegal funds, and “the inflow of opaque capital from Russia does not match Lithuanian national interests”.
Last year, ICO projects replenished the Lithuanian budget by $500 million. According to the European Commission forecast, in 2018 its national economy will grow by 3.1% thanks to crypto start-ups. For the EU countries, this number does not exceed 2.3%.