
Lithuania’s central bank urges unlicensed crypto firms to wind down by end-2025, warning that post-deadline operations without an EU MiCA license will be illegal.
On December 25, Lithuania’s central bank instructed cryptocurrency exchanges and wallet providers lacking plans to obtain EU MiCA licenses to begin winding down operations. The transition period ends December 31, 2025, after which serving new clients without a license will be prohibited. Entities operating unlicensed beyond this date risk regulatory penalties, including fines, service blocks, and imprisonment. This directive reinforces Lithuania’s alignment with EU crypto regulations to enhance investor protection and market oversight.