Source link : https://europ.info/2025/12/29/bank-of-lithuania-announces-december-31-deadline-for-crypto-license-applications/
The Bank of Lithuania has announced a firm deadline of December 31 for cryptocurrency firms to obtain official operating licenses, signaling intensified regulatory oversight in the rapidly evolving digital asset sector. This move aims to enhance consumer protection and ensure market integrity amid growing interest and activity in crypto trading and services across the country. Firms failing to secure a license by the end of the year will face enforcement actions, underscoring the central bank’s commitment to a transparent and compliant crypto ecosystem.
Bank of Lithuania Enforces Year-End Deadline for Crypto License Applications
The Bank of Lithuania has announced a firm deadline for cryptocurrency enterprises seeking operational licenses within the jurisdiction. All applications must be formally submitted by December 31, 2024, signaling the regulator’s endeavor to structure and oversee the rapidly evolving crypto sector. Businesses aiming to continue their activities beyond this date are urged to prepare comprehensive documentation and comply with stringent criteria designed to enhance transparency and security within the financial ecosystem.
Key considerations for applicants include:
- Detailed operational plans demonstrating compliance with anti-money laundering (AML) regulations
- Robust cybersecurity frameworks to protect users and digital assets
- Governance and risk management systems aligned with European financial directives
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Author : Samuel Brown
Publish date : 2025-12-29 16:24:00
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