Lithuania Sets Deadline for Crypto Service Licensing

According to Odaily, the Lithuanian central bank, Lietuvos Bankas, has issued a warning that starting January 1, 2026, all entities providing crypto asset-related services locally must possess a MiCA license. Failure to comply will be considered illegal. The transition period ends on December 31, 2025, and non-compliant platforms may face fines, website bans, and in severe cases, criminal charges with a maximum penalty of four years imprisonment. Regulators have advised businesses not intending to continue operations to exit orderly and manage user assets responsibly. Currently, out of over 370 registered crypto companies in Lithuania, only about 30 have applied for the license.