SG Veteris Opens Lithuanian Office

Global cryptocurrency-based fintech services group, SG Veteris has opened a new office in Vilnius, Lithuania.

SG Veteris is now authorised to provide exchange services for cryptocurrency against fiat currency, as well as being a cryptocurrency wallet service provider, allowing users in Lithuania to access its Bitpace (a gambling and gaming industry online cryptocurrency payment platform) and Koinal products.

The SG Veteris Lithuanian office will initially employ around 40 staff, and has plans to expand the team and employ a local country manager to lead it.

Anil Oncu, Chief Executive at SG Veteris said: "Lithuania is a developed and vibrant market that supports innovation and offers excellent growth opportunities, which is why we are seeing many major players entering it. It is particularly attractive to us because it offers a high level of security through its robust cryptocurrency regulations, which is important. We are looking at expanding our registrations in a number of reputable jurisdictions and operating in Lithuania met our requirement to offer peace of mind for our customers and demonstrate that we are a safe, secure provider so they can use our services with confidence."