Lithuania to Tighten Regulations on Crypto Companies
The European Union’s first unified crypto legislation, Markets in Cryptoassets (MiCA), is due to take effect starting in January 2025. A Bank of Lithuania board member, Simonas Krėpšta, disclosed plans for a regulatory change that will significantly reduce the number of cryptocurrency companies operating in the nation, which has made a name for itself as […]
Lithuania Moves To Enforce Crypto Regulation
Lithuania decided to take action before EU rules that could ban non-custodial wallets take effect. Lithuania, a 2.8-million-person country, intends to increase its scrutiny of cryptocurrency to combat money laundering risks and possible schemes by Russian elites to circumvent financial sanctions. According to the local Ministry of Finance, various ministries of the Lithuanian government approved […]