Based on MetaEra, Lithuania's Central Bank (Lietuvos Bankas) announced on December 26 (UTC+8) that all crypto service providers must apply for a MiCA license by December 31. Failure to obtain a license will render services illegal from January 1, with penalties including fines, website shutdowns, and up to four years in prison for severe cases. The bank urged non-continuing operators to notify clients and return or transfer assets. Of approximately 370 registered institutions, only about 30 have applied, with around 120 active. Lithuania aims to become a 'gateway' for MiCA compliance.
Lithuania's Central Bank Warns: Unlicensed Crypto Services Illegal from January 1
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Summary
Lithuania's Central Bank warned on December 26 that all crypto service providers must secure a MiCA license by December 31. Unlicensed operations will be illegal from January 1, with penalties including fines, website shutdowns, and up to four years in prison. Operators ceasing activity must inform clients and return assets. Of 370 registered firms, only 30 have applied, with 120 active. The move aims to position Lithuania as a 'gateway' for compliance in liquidity and crypto markets. Risk-on assets remain under regulatory scrutiny as the deadline nears.
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