Today the European Parliament approved European Crypto Asset Markets Regulation, also known as #MiCA. It represents a significant step towards establishing a regulatory framework for cryptocurrencies, security tokens, and stablecoins in the European Union after it was first suggested in the autumn of 2020.

Please be informed that as of 16 January 2023, the address of the registered office of the Law Firm Šenavičius ir partneriai RESPONSE has changed to Rinktinės g. 5, 09234, Vilnius, Lithuania.

Please see a summary of the relevant upcoming Lithuanian AML/CTF Law requirements for VASPs coming into force from 1st of January 2023 below

Please be reminded that the European Banking Authority guidelines regarding the role and responsibilities of the AML/CTF Compliance Officer under Article 8 and Chapter VI of Directive (EU) 2015/849 are being applied from today (1st of December, 2022)!

Starting from 1 January 2023 all Lithuanian-based VASPs will have to submit information and reports to FCIS regarding the implementation of AML/CTF measures. The final legal framework for this procedure will be adopted until the end of this year.

On March 23rd the Committee on Budget and Finance held a meeting during which, the committee was presented with several...