Lithuania Warns Crypto Firms: MiCA License Deadline
Lithuania’s central bank has issued a clear warning to cryptocurrency companies operating in the country. The Bank of Lithuania said crypto service providers that fail to secure the required license by December 31 will be treated as operating illegally and may face enforcement action.
The message targets firms offering crypto exchange services and custodial wallets to Lithuanian users. According to the regulator, only companies licensed under the European Union’s Markets in Crypto Assets framework, known as MiCA, will be allowed to continue operating after the transition period ends.
The announcement places pressure on dozens of firms that registered in Lithuania during earlier, lighter regulatory regimes. Many now face a hard…
