Lithuania extends the transition period for CASP/VASP adaptation to MiCA requirements until December 31, 2025

On May 8, the Lithuanian Parliament passed amendments to the legislation regulating cryptoassets, extending the transition period for compliance until December 31, 2025. The law is currently awaiting the president’s signature to enter into force.

How does this affect the crypto industry? Crypto lawyer SBSB Fintech Lawyers Vlad Plakhotnyuk comments:

“This legislative development may be a signal of a broader trend across Europe, especially in jurisdictions previously considered more favorable to the cryptocurrency sector. In Poland, for example, proposed amendments to the cryptoasset bill currently provide for a transitional period of four months after its adoption.

The extension granted by Lithuania is a welcome development for the crypto industry. It provides valuable additional time for market participants to adapt to the upcoming regulatory framework, improve internal documentation and enhance technical infrastructure.”

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