Key Takeaways
- From 31 December 2025, any crypto-asset activity in Lithuania without a MiCA license will be treated as illegal.
- Authorities may impose sanctions ranging from fines and website blocking to criminal prosecution.
Crypto firms in Lithuania that continue operating without the necessary MiCA license after December 31 will be considered in violation of the law and could face fines and potential jail time.
In July, the Bank of Lithuania issued guidance urging crypto exchanges and wallet operators that do not plan to apply for MiCA licensing to start winding down operations before the transitional period ends. The central bank said early action was necessary to protect investors and ensure transparency as the EU framework takes effect.
Over 370 companies are registered as offering crypto services in Lithuania, but only around 120 are actively operating and filing financial statements, according to the latest update from the Bank of Lithuania.
As of mid-July, 30 companies applied for a crypto-asset service provider license, with ten of those applications under review.
Operators that plan to cease activity are encouraged to actively communicate with customers, clearly explain timelines, and provide detailed instructions on how to withdraw or transfer funds and crypto-assets. Clients should also be informed about the option to exchange their crypto-assets for funds held with a custodian.
Starting January 1, 2026, Lithuanian law will prohibit the provision of crypto-asset services without a MiCA license. Illegal providers may face fines, blocked websites, public warnings, and criminal penalties, including possible imprisonment for up to four years.
Source: https://cryptobriefing.com/lithuania-crack-down-crypto-firms-without-licenses/
