Residents of Lithuania will now be able to exchange BTC in stores without proof of identity

Lithuanian Narvesen convenience stores and Lithuanian Press kiosks will start selling Bitcoin (BTC) , Cointalegraph writes with reference to local media.

According to the publication, outlets will distribute coupons, which can then be exchanged for bitcoins . Narvesen and Lithuanian Press were chosen due to their wide network of representative offices and a favorable attitude towards cryptocurrencies .

“Currently we have about 60 stores in which we are constantly striving to expand the range of products and services, ” said Vigintas Bartasiavičius, CEO of Narvesen.

Recently, we offered a cashing service for customers in our busy city, and now we are starting to sell bitcoin vouchers. Selling bitcoin coupons, we focus on a younger audience. ”

Converting the euro to bitcoins will not require any documents. It will be enough to provide email addresses and a bitcoin wallet . The founder of the Rebiton service, which will be used to convert coupons, Raimundas Asauskas believes that his company should not have problems with regulators.

“Although we have greatly simplified the process of acquiring bitcoin, we strictly follow the requirements for combating money laundering, fraud and comply with other legal aspects in our operating activities, ” he says.

We guarantee no violations. We evaluate and validate email and IP addresses using partner solutions, providing services similar to those offered by brands such as Disney, IBM, American Airlines and Santander. ”

It is noteworthy that in June the same Lithuanian publication reported that local authorities were preparing to approve new rules for the implementation of cryptocurrency transactions, which would require the business to confirm the identity of customers with a transaction amount of more than € 1,000. In this case, however, it is planned to limit the amount of one coupon to € 999 .

Publication date 09/18/2019
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