Republic of Lithuania Law on Markets in Crypto-Assets
Also known as: Lithuania Law on Markets in Crypto-Assets No. XIV-2879
Overview
Key Details
Jurisdiction
LithuaniaRegulator
Bank of Lithuania
Law Type
Act
Status
In ForceOfficial Law Number
No. XIV-2879; TAR 2024-13487
Official Title
Republic of Lithuania Law on Markets in Crypto-Assets
Effective Date
July 25, 2024
Publication Date
July 11, 2024
Last Verified
August 26, 2026
Topics Covered
Who This Law Applies To
Key Requirements
The law supplies Lithuania's national machinery for Regulation (EU) 2023/1114. It allocates competent-authority functions to the Bank of Lithuania, governs applications and supervisory procedures, and sets local powers, fees, reporting, investigation, corrective measures and sanctions. MiCA itself supplies the core rules for issuers, stablecoins, crypto-asset service providers, disclosures, safeguarding and market abuse.
Key Provisions
Bank of Lithuania designation; CASP authorisation procedures; supervisory reporting and fees; issuer and white-paper oversight; inspections and information powers; corrective measures and administrative sanctions; MiCA transition arrangements.
Licensing & Registration
Lithuanian CASPs require MiCAR authorisation from the Bank of Lithuania or valid passporting from another EEA competent authority.
AML / CFT
CASPs must comply with Lithuanian AML/CFT law, customer due diligence, beneficial-owner identification, transaction monitoring, suspicious-activity reporting and EU travel-rule requirements.
Custody & Safeguarding
MiCAR safeguarding, segregation, custody-policy, liability, governance and operational-resilience requirements apply under Bank of Lithuania supervision.
Disclosure & Marketing
MiCAR white-paper and marketing rules apply to issuers and offerors; communications must be fair, clear and not misleading.
Market Integrity & Enforcement
The Bank of Lithuania can request information, inspect, impose corrective measures and apply administrative sanctions for MiCA and national-law breaches.
Tax Treatment
Not addressed by this Act; Lithuanian personal and corporate tax rules apply based on transaction type and taxpayer status.
Official Sources
Related Laws
Decision No. E/35/2023 — VASP Registration and AML/CFT Instructions
Decision No. E/35/2023 on Virtual Asset Service Provider Registration, Cancellation of Registration and AML/CFT Instructions
Oman's FSA Decision No. E/35/2023 requires registration with the Oman Financial Services Authority (formerly Capital Market Authority) before carrying on covered virtual-asset activities in the Sultanate of Oman. It implements AML/CFT, governance and compliance requirements, and provides registration, cancellation and supervisory procedures. This is a VASP registration/AML regime and should be distinguished from any future full licensing framework.
BCB Resolutions No. 519, 520 and 521 of 2025 — Virtual Asset Regulatory Framework
Resoluções BCB nos. 519, 520 e 521, de 10 de novembro de 2025
Brazil's Central Bank (BCB) Resolutions No. 519, 520 and 521 of 10 November 2025 implement the virtual-asset regulatory framework under the supervision of the Central Bank. Resolution 519 establishes VASP authorisation procedures; Resolution 520 sets activity, governance, controls, security and conduct requirements; Resolution 521 integrates specified virtual-asset operations into Brazil's foreign-exchange and international-capital rules. Commencement is staged during 2026 — verify the effective date for each resolution separately.
IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023)
Policy Recommendations for Crypto and Digital Asset Markets — Final Report (FR11/2023)
The IOSCO Policy Recommendations for Crypto and Digital Asset Markets (2023) contain 18 recommendations grounded in the principle of consistent regulation of economically equivalent activities. They address conflicts of interest, market manipulation, custody, disclosure, retail risks and cross-border cooperation. IOSCO recommendations are not self-executing domestic law — implementation depends on member regulators in their respective jurisdictions.
Utility Token Offering Act, 2018 (Act No. 4/2018)
Utility Token Offering Act, 2018 (Act No. 4 of 2018)
Anguilla's Utility Token Offering Act 2018 (Act No. 4/2018) is one of the world's earliest purpose-built utility-token offering frameworks. It creates registration requirements for utility-token issuers, sets offering, disclosure and issuer-qualification conditions, and works with AML regulations and later amendments. Verify the most recent consolidation — a 2020 amendment may affect the effective/status fields.
Financial Market Digitalisation Act (Finanzmarktdigitalisierungsgesetz — FinmadiG)
Gesetz zur Digitalisierung des Finanzmarktes (Finanzmarktdigitalisierungsgesetz — FinmadiG)
Germany's Financial Market Digitalisation Act (FinmadiG) aligns German financial-market law with MiCA and DORA, establishes national supervisory powers and enforcement mechanisms for BaFin, and addresses the transition from existing German crypto-custody regulation. It applies to German financial entities, CASPs and other firms affected by MiCA/DORA national implementation.
UAE Cabinet Resolution No. 111 of 2022 Regulating Virtual Assets and Their Service Providers
Cabinet Resolution No. (111) of 2022 Regulating Virtual Assets and Their Service Providers
UAE Cabinet Resolution No. 111 of 2022 creates a federal regulatory perimeter for virtual assets and virtual-asset service providers across the UAE, subject to exclusions and coordination with local and free-zone authorities including VARA (Dubai), ADGM and DIFC. It allocates licensing and supervisory roles between federal (SCA) and local authorities and establishes authorisation and compliance foundations. It does not replace or supersede the VARA, ADGM or DIFC regimes.
