Lithuania to Tighten Crypto Regulation

According to the Lithuanian Ministry of Finance, the national government has approved amendments to the country’s Anti-Money Laundering (AML) and countering the financing of terrorism regulations affecting the crypto sector. If approved by the Lithuanian legislature, the amendments will tighten the guidelines for user identification and prohibit anonymous accounts. Exchange operators will also be subject to more stringent requirements under the new regulations. From 1 January 2023, crypto exchange operators will need to register as a corporate body with nominal capital of at least 125,000 euros. Their senior management will also have to be permanent residents of Lithuania.


CH-019583 (Webpage Portal) 2022-06-09 (Published) 2022-06-13 (Updated)