Verslo Požiūris. Binance representative explains why Lithuania became paradise for crypto and how the game rules will soon change

Even experts who generally agree on other issues may hold differing views on cryptocurrencies. In Lithuania, over 500 companies are involved in the cryptocurrency sector. One of them is Binance, the world’s biggest crypto exchange. Its Lithuanian subsidiary, Bifinity, was established in May 2020. In 2022, Bifinity paid 41.5 million euros in taxes, with the majority – 41.2 million euros – coming from corporate income tax, according to the Valstybinė mokesčių inspekcija.

Why is Lithuania such a popular destination for cryptocurrency companies, and how will the rules of the game change with the new EU regulations? These questions are addressed in a Verslo Požiūris interview with Jonas Juenger, CEO of Bifinity, and Mykolas Majauskas, President of the Crypto Economy Organisation.

The show is hosted by Delfi journalist Vytautė Merkytė.

Interview in English starts at 1 min 12 sec.