Lithuania to Enforce MiCA Licensing for Crypto Firms
- Starting January 1, 2026, Lithuania will require all crypto-asset activities to have a MiCA license.
- Non-compliance may lead to fines, website blocking, and up to four years of imprisonment.
- The Bank of Lithuania urged firms not seeking licenses to wind down operations before the deadline.
- Approximately 370 companies are registered for crypto services in Lithuania; only about 120 actively operate and file financial statements.
- As of mid-July, 30 companies applied for a crypto-asset service provider license, with ten applications under review.
Lithuania will enforce strict regulations on crypto firms without a MiCA license from January 2026, potentially leading to severe penalties including imprisonment. The Bank of Lithuania has advised non-compliant firms to cease operations promptly.
Source (3.2)https://cryptobriefing.com/lithuania-crack-down-crypto-firms-without-licenses/?rand=59535
