As per CoinPaper, Lithuania’s Bank has warned cryptocurrency service providers that they must obtain a MiCA license by December 31 to continue operating legally. Firms failing to comply will be considered illegal and may face enforcement actions, including fines or forced exit. The regulator emphasized that registration alone is no longer sufficient, and users are advised to transfer assets to licensed providers or self-hosted wallets before the deadline. This move is part of broader EU regulatory efforts under the Markets in Crypto Assets (MiCA) framework.
Lithuania Warns Crypto Firms: No MiCA License by December 31, No Business
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Summary
Lithuania’s Bank has told crypto firms they must secure a MiCA license by December 31 to stay in business. Those without will be deemed illegal and could face penalties or closure. Registration is no longer enough, the regulator said, urging users to move assets to licensed platforms or self-hosted wallets. The MiCA framework aims to bring clarity and stability to liquidity and crypto markets across the EU.
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