Home Lithuania To Enforce Licensing Crackdown On Digital Asset Firms After Dec. 31

Lithuania To Enforce Licensing Crackdown On Digital Asset Firms After Dec. 31

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Lithuania To Enforce Licensing Crackdown On Digital Asset Firms | 3verseTV
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Lithuania warned that digital asset firms operating without a MiCA license after December 31 will be deemed in violation of the law and may face fines or potential jail time.

The Bank of Lithuania urged unlicensed exchanges and wallet providers to wind down operations before the transition period ends. Of more than 370 registered firms, only about 120 remain active. As of mid-July, 30 companies had applied for licenses, with ten under review.

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Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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