Crypto Regulations: The Pros and Cons Ahead
Lithuania is putting its foot down with new crypto regulations, and it could spell trouble for businesses relying on cross-border payments. The Bank of Lithuania has set a hard deadline for crypto service providers to get their MiCA licenses by December 31, 2025, or face severe penalties starting January 1, 2026. It’s a move meant to bring the crypto world in line with European standards, but is it going to drive companies underground?
A Tough Pill to Swallow for Small Firms
Most firms haven’t even applied for the necessary licenses, and you can bet that the smaller ones are going to get hit harder. The costs of compliance are already a burden, and these new rules could make it impossible for many to stay afloat. It’s like throwing…
