The Bank of Lithuania has issued a circular urging virtual currency exchange operators that do not intend to apply for a crypto asset service provider license to take immediate action to ensure a smooth closure of their business. According to the European Union Crypto Asset Market Regulation (MiCA), Lithuania's transition period will end on December 31, 2025, after which unlicensed crypto asset services will be considered illegal financial activities and may face penalties of up to four years in prison.
The regulator stressed that companies should actively communicate to ensure that customers are informed of the closure schedule and asset transfer guidelines in a timely manner, and return customer assets before the end of the transition period. About 30 companies have applied to the Bank of Lithuania for a crypto asset service provider license, of which 10 applications are being evaluated.
The Bank of Lithuania has urged crypto asset service providers to ensure a smooth exit from the market
2025-12-22 15:51:09
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Trump Media Spends $13.44 million on 150 BTCNext article：
Hyperliquid已上线LIT盘前合约，最高支持3倍杠杆
