Is my money safe in Genome wallet?

As we are an electronic money institution regulated and supervised by Central Bank of Lithuania, we strictly follow the requirements of Law on Electronic Money and Electronic Money Institutions of Republic of Lithuania regarding safeguarding requirements for funds received from electronic money holders (art. 25), i.e. we safeguard funds of our clients deposited in a separate account in a credit institution, notifying credit institution clearly that the ownership rights of funds belong to our clients.

Our personal funds and the funds of clients are always separated into different accounts. The Law on Electronic Money and Electronic Money Institutions of Republic of Lithuania (art. 25) states, that the electronic money holders [our clients] shall hold ownership of the funds transferred to the electronic money institution, and no execution may be levied according to arrears of the electronic money institution, including the case of insolvency. In addition, we should mention that the main credit institution where we hold our clients funds is Central Bank of Lithuania. We do not invest or otherwise use Your funds.