The Central Bank of Lithuania is afraid of the negative consequences, which can be caused by the investments made by the Russian investors on ICO projects in Lithuania

The Lithuanian regulator has announced that with the help of ICO, the Russian organized crime companies may try to launder proceeds from criminal activity.

“We constantly remind everyone about the possible risks – I do not want to see 70% of your ICO investors come from Russia. The uncontrolled capital inflow from Russia is not in line with our national interests,” stated Marius Jurgilas, the Member of the Board of the Bank of Lithuania. In the past year, the ICO-projects raised the budget of Lithuania by $ 500 million, and it is planned that in 2018, the state economy will grow by 3.1% due to the start-up companies.