🚨 Lithuania's Crypto Crackdown: Deadline Looms for Licenses by Dec 31, 2025! 📅🔒
Big news from the Bank of Lithuania: The transition period ends soon—unlicensed 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. 😱💸
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? 🤔🇪🇺
This could mean fewer shady players but tougher entry for innovators. What’s your take—bullish on regulated future or bearish on red tape? Drop thoughts below! 🔥🗣️