2023 in April, The MiCA regulation adopted by the European Parliament regulates crypto-assets in the European Union (EU).

Our team acted as sole legal advisor to Heavy Finance during the whole licensing process.

We are delighted and proud to have represented both of these clients (HeavyFinance and Andrum Fund) in the licensing process: they became the first Lithuanian #crowdfunding market participants fully licensed under the new #ECSP Regulation

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