CASE STUDY | Lithuania’s Example Reveals the Impact of MiCA Regulations on Economic Activity
Photo: Pixabay (illustration)
Lithuania is shifting its fintech strategy from attracting companies through fast licensing to building a more sustainable financial services sector, with tighter regulation reducing the number of crypto firms and placing greater emphasis on operational substance and compliance. The Baltic country attracted hundreds of virtual asset service providers (VASPs) after Estonia tightened its crypto rules in 2022. At its peak, nearly 800 companies had registered or notified authorities of virtual asset activity in Lithuania.
Source: BitKE
