Lithuania Tightens Crypto Rules as MiCA Reshapes Oversight
- —Lithuania peaked at nearly 800 registered VASPs after Estonia tightened crypto rules in 2022
- —About 80% of reviewed VASPs had no employees; 90% never filed a suspicious transaction report
- —The €125,000 authorised-capital rule reduced registrations by roughly 75%
- —Lithuania had issued four MiCA CASP licences by spring 2026
Why it matters: Lithuania's case shows that attracting large numbers of crypto firms does not create lasting economic activity without substance and compliance requirements.
Source: BitcoinKE
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