Source link : https://europ.info/2025/12/27/lithuania-issues-strict-deadline-crypto-firms-must-obtain-license-by-december-31-or-cease-operations/
Lithuania’s financial regulator has issued a firm directive to cryptocurrency companies operating within its jurisdiction: obtain the necessary licensing by December 31 or cease all business activities. This move underscores the country’s commitment to strengthening regulatory oversight in the rapidly evolving digital asset sector. With the deadline fast approaching, crypto firms are urged to comply with the new legal framework or face suspension, marking a significant shift in Lithuania’s approach to cryptocurrency governance.
Lithuania Enforces Stricter Licensing Rules for Crypto Companies from Year-End
Lithuania has announced that all cryptocurrency businesses operating within its jurisdiction must secure an official license by December 31 to continue their activities legally. The Financial Crime Investigation Service (FCIS) will enforce this regulation strictly, emphasizing that failure to comply will lead to the immediate suspension of business operations. This move aims to enhance transparency, combat money laundering, and align the local crypto market with EU-wide financial standards. Crypto firms are now urged to expedite their licensing applications to avoid disruptions.
The licensing process includes stringent requirements aimed at ensuring robust risk management and consumer protection. Key criteria set by regulators include:
- Detailed business plans outlining compliance strategies
- Anti-money laundering (AML) and know-your-customer (KYC)…
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Author : Noah Rodriguez
Publish date : 2025-12-27 20:24:00
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