U.S. markets closed
  • S&P Futures

    +5.75 (+0.13%)
  • Dow Futures

    +39.00 (+0.11%)
  • Nasdaq Futures

    +29.00 (+0.20%)
  • Russell 2000 Futures

    +4.90 (+0.27%)
  • Crude Oil

    +0.36 (+0.40%)
  • Gold

    -1.20 (-0.06%)
  • Silver

    -0.01 (-0.04%)

    +0.0005 (+0.04%)
  • 10-Yr Bond

    -0.0420 (-0.94%)
  • Vix

    -0.34 (-1.94%)

    +0.0003 (+0.02%)

    +0.0180 (+0.01%)
  • Bitcoin USD

    -100.35 (-0.38%)
  • CMC Crypto 200

    -2.18 (-0.38%)
  • FTSE 100

    +5.29 (+0.07%)
  • Nikkei 225

    -168.59 (-0.52%)

CEX.IO Announces Expansion into, Dedicated MLRO Hire for Lithuania

The region will service retail and institutional clients, and seek to align the company’s EU presence in accordance with new Markets in Crypto-Assets (MiCA) legislation.

CHICAGO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- CEX.IO, a global ecosystem of products and services that connects people and businesses to the cryptocurrency economy and decentralized finance (DeFi), is expanding its services in Lithuania. With the acquisition of a Virtual Asset Service Provider (VASP) license, and the hiring of a dedicated Money Laundering Reporting Officer (MLRO) for the country, the company is investing further in its European presence.

The new licensure marks a continuation of the company’s rigorous, global AML/CTF approach, which centers transparency and compliance as a means to encouraging broader crypto adoption. Vilhelmina Giedrime, CEX.IO’s new MLRO for the country, will liaise with the Bank of Lithuania and the Financial Crime Investigation Service (FCIS) to guide efforts in the emerging sector. Chief tasks will include supporting the implementation of guardrails once Markets in Crypto-Assets (MiCA) is passed into local legislation.

“Our commitment to ethical crypto stewardship has always been rooted in the user experience,” said Arina Dudko, Director of Lithuania and Global Head of Corporate Payment Solutions. “After a decade of working with regulators to better safeguard the wealth and information of all market participants, this expansion is a culmination of those efforts. In this next chapter, we look forward to strengthening our EU footprint, and equipping users with the tools they need to find success in the digital economy.”

With new offices and staff in Lithuania, CEX.IO is strengthening its regulatory framework in Europe, and opening an additional vector for the company’s award-winning ecosystem of crypto solutions. Retail users can enjoy greater oversight and protections alongside full-service custodial wallet functionality, and a curated selection of DeFi capabilities.

To learn more, visit CEX.IO.


CEX.IO was founded in 2013 with a mission to support global financial inclusion through the adoption of cryptocurrency and blockchain technology. As one of the most tenured market participants, CEX.IO offers a comprehensive ecosystem of intuitive solutions built with safety and security at their core, enabling users to trade, store, transfer and earn digital assets. With over six million registered users globally, CEX.IO helps retail, enterprise, and institutional customers seize opportunities in decentralized finance every day. Learn more at CEX.IO or connect with us on LinkedIn.

© 2023 | CEX.IO Ltd All rights reserved. Not to be reproduced or retransmitted without permission.

CEX.IO is a trading name of, and [digital asset platform products and services] are offered by: in the U.S., CEX.IO Corp., registered with FinCEN in jurisdictions where it is licensed to operate as a Money Service Business (MSB Activities 409 499), registered office 900 E Diehl Rd STE 110, Naperville, IL 60563; in Europe, CEX.IO Limited, registered in Gibraltar, No. 116846, registered office, Madison Building, Gibraltar GX11 1AA. CEX.IO Limited is authorised and regulated by the Gibraltar Financial Services Commission as a DLT Provider under the authorization number: FSC0686FSA; CEX OVRS LLC, registered in St. Kitts & St. Nevis, No. L 22275, registered office Suite 1, A.L. Evelyn LTD Building, Charlestown, Nevis. CEX.IO Limited and CEX OVRS LLC are subsidiaries of CEX.IO Holding Ltd.

These materials are for informational purposes only, and are not intended to be used for trading or investment purposes or as an offer to sell or the solicitation of an offer to buy any security or financial product. These materials do not provide any form of advice (investment, tax or legal). CEX.IO is not a registered investment adviser and does not provide investment advice or recommendations to buy or sell securities, to hire any investment adviser or to pursue any investment or trading strategy.

The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat or government currency.

Holding digital and virtual currencies carries exchange rate and other types of risk.

Transactions in virtual currency are irrevocable, and, accordingly, losses due to fraudulent or accidental transactions may result in the loss of your money with no recourse.

Any questions regarding this document or application of any law, rule or regulation can be referred to us via email at [compliance@cex.io].

All trademarks, service marks, and trade names not owned by CEX.IO Ltd are the property of their respective owners.

Please refer to the Terms of Use for more details.

CONTACT: Becky Sarwate CEX.IO (773) 507-3554 R.Sarwate@CEX.IO