Lithuania: Parliament mandates licences on crypto companies

The Lithuanian parliament, the Seimas, has approved legislation tightening the supervision of virtual currency companies, BNS reports. Under the amendments, crypto asset companies will have to obtain licences from the Bank of Lithuania. The amendments implement the European Regulation on Markets in Crypto-Assets (MiCA). Market participants have until June 2025 to be licensed. The central bank estimates that over 100 companies could apply for licences, which would be around one-sixth of those now operating in the Lithuanian market.