Lithuania to crack down on crypto firms operating without licenses after December 31
Crypto Briefing
Crypto firms in Lithuania must obtain a MiCA license by December 31, 2025, or face severe penalties.Summary
Crypto-asset service providers in Lithuania operating without the required MiCA license after December 31, 2025, will be deemed illegal. The Bank of Lithuania previously advised firms not planning to apply for licensing to wind down operations. Sanctions for non-compliance can include fines, website blocking, public warnings, and criminal prosecution, potentially leading to imprisonment for up to four years starting January 1, 2026. While over 370 companies are registered, only about 120 are active, and as of mid-July, only 30 had applied for the new license. Operators ceasing activity must clearly communicate withdrawal and transfer instructions to their customers.
(Source：Crypto Briefing)