Key Takeaways
- From 31 December 2025, any crypto-asset exercise in Lithuania with out a MiCA license will probably be handled as unlawful.
- Authorities might impose sanctions starting from fines and web site blocking to legal prosecution.
Share this text
Crypto corporations in Lithuania that proceed working with out the required MiCA license after December 31 will probably be thought of in violation of the legislation and will face fines and potential jail time.
In July, the Financial institution of Lithuania issued steering urging crypto exchanges and pockets operators that don’t plan to use for MiCA licensing to begin winding down operations earlier than the transitional interval ends. The central financial institution mentioned early motion was obligatory to guard traders and guarantee transparency because the EU framework takes impact.
Over 370 corporations are registered as providing crypto companies in Lithuania, however solely round 120 are actively working and submitting monetary statements, in keeping with the most recent replace from the Financial institution of Lithuania.
As of mid-July, 30 corporations utilized for a crypto-asset service supplier license, with ten of these purposes beneath assessment.
Operators that plan to stop exercise are inspired to actively talk with prospects, clearly clarify timelines, and supply detailed directions on methods to withdraw or switch funds and crypto-assets. Purchasers must also be told concerning the choice to alternate their crypto-assets for funds held with a custodian.
Beginning January 1, 2026, Lithuanian legislation will prohibit the supply of crypto-asset companies with out a MiCA license. Unlawful suppliers might face fines, blocked web sites, public warnings, and legal penalties, together with potential imprisonment for as much as 4 years.
