ChainCatcher News: According to market sources, the Bank of Lithuania (Lietuvos Bankas) has announced that following the incorporation of the EU MiCA into domestic legislation, all crypto service providers must submit license applications by December 31. Providing related services without a license from January 1 onward will be illegal.
Regulatory measures include fines, website blocking, and in severe cases, criminal offenses punishable by up to 4 years of imprisonment. The central bank requires operators who will not continue to promptly notify customers and complete asset returns and transfers. It was disclosed that out of approximately 370 registered institutions, only about 30 have applied, with around 120 actually active. Lithuania aims to serve as a ‘gateway’ for MiCA entry.
