Lithuanian central bank warns: Crypto services without MiCA license will be illegal starting January 1

According to market news, the Bank of Lithuania (Lietuvos Bankas) announced that after the legislation incorporates the EU MiCA into domestic law, all crypto service providers must submit their license applications by December 31. Providing related services without a license will be illegal starting January 1.

Regulatory measures include fines, website bans, and in severe cases, criminal charges that could lead to a maximum of 4 years in prison. The central bank requires those who do not continue operations to promptly notify customers and complete asset returns and transfers. It has been disclosed that out of approximately 370 registered entities, only about 30 have applied, with around 120 actually active. Lithuania intends to serve as a "gateway" for MiCA entry.