bank of lithuania

It just occurred to me that while combing through many online wallet services and debit card providers, many of them are using a Lithuania EMI as their partner. What makes Lithuania in particular a good place for EMIs to incorporate in, as opposed to other EU countries?

So, just this morning the bank of Lithuania imposed a €110,000 fine on UAB ConnectPay for AML/TF infringements Bank of Lithuania imposed a €110,000 fine on UAB ConnectPay for AML/TF infringements Seems like just a few larger EMI's have been without any fines now in Lithuania such as Paysera...