Lithuania’s ambition to become a crypto power house among the Baltic states is fraught with challenges, yet it can be said to follow an upward trajectory over the past few years. In 2018, this country became home to the Blockchain Centre Vilnius as a hub of concerted efforts aimed at making the blockchain and fintech more than mere buzzwords, at least in this country. Yet, the interest in cryptos among the common folk and businessmen seems to be firmly entrenched in Lithuania. One of the examples is the country’s ice cream shop chain Soprano which demonstrated strong interest in Security Token Offerings (STOs). At the same time, the news coming from Lithuania also show that the further adoption of cryptocurrencies in this country is stymied by the lack of proper regulations. Yet, both the government and the crypto community remain committed to resolving this issue, giving the investors and the general public enough ground for healthy optimism.