Lithuania Enforces MiCA Compliance for Crypto Firms, Sets 2025 Deadline
Lithuania has issued a stern warning to unlicensed cryptocurrency service providers, emphasizing that platforms operating without authorization will face legal consequences. The Central Bank of Lithuania (CBL) has mandated that all crypto-related businesses, including exchanges and wallet operators, must secure licenses by December 31, 2025, to comply with the EU's Markets in Crypto-Assets (MiCA) regulation.
Failure to meet this deadline will result in enforcement actions such as fines, website blocks, and potential criminal prosecution. The CBL urged companies to act promptly, advising those not seeking licensure to wind down operations smoothly. Dalia Juškevičienė, head of the CBL’s Investment Supervision Division, underscored the non-negotiable nature of the requirement.