đ¨ Lithuania's Crypto Crackdown: Deadline Looms for Licenses by Dec 31, 2025! đ đ
Big news from the Bank of Lithuania: The transition period ends soonâunlicensed Virtual Asset Service Providers (VASPs) must shut down ops without a MiCA license. No more onboarding new clients, holding assets, or skipping proper client fund returns. đąđ¸
As of mid-July 2025, only ~30 firms have applied, with 10 in review. Out of 370+ registered, just 120 are truly active and reporting. Is this a purge or a path to maturity for EU crypto? đ¤đŞđş
This could mean fewer shady players but tougher entry for innovators. Whatâs your takeâbullish on regulated future or bearish on red tape? Drop thoughts below! đĽđŁď¸