Bitcoin Forum

Bank of Lithuania, the country's central bank, announced on Friday that it is soliciting proposals from software developers to kick off its LBChain initiative - a "service-based blockchain platform" aimed to serve as a regulatory sandbox for startups working with blockchain technology.

Introduced in January, LBChain is intended to assist both Lithuanian and international companies in acquiring knowledge of the blockchain and in conducting blockchain-focused research.

Bank of Lithuania said at that time that the project would "provide a technical platform and consultations on applicable regulations" to selected companies. The institution also indicated that the project would be financed by EU funds.

"Software developers have already shown considerable interest in LBChain," said Marius Jurgilas, a member of the Bank of Lithuania board, in an announcement.

https://www.coindesk.com/lithuanian-central-bank-seeks-developers-for-blockchain-sandbox/