I genuinely don’t know where to begin with addressing this level of ignorance. All Central Banks, including the Bank of Lithuania, are governed by the European Central Bank. Passporting works because of an equality principle.

Lithuania has worked hard to become a fintech hub for Europe, and that isn’t based on a poor regulatory regime.

If you can bring actual facts to the table as to why the Lithuania banking license is inferior, we can have a discussion. Now you are just spouting baseless “Lithuania banking license is bad because of Lithuania” nonsense.