"Bitcoin users must be very careful, this currency is not regulated by European Union or Lithuanian law. Bitcoin usage is not licensed, and users aren't protected. Because this type of currency is created and controlled by anonymous people or groups of people which aren't regulated. So this leads to the risk that "creators" of bitcoin can disappear with all people's money."
Vilnius Šapoka - Lithuanian central bank
The full article in lithuania: http://www.15min.lt/naujiena/verslas/finansai/lietuvos-bankas-perspeja-virtualiu-valiutu-naudojimo-niekas-nepriziuri-ir-nereguliuoja-662-402420#ixzz2rzRTUBE0