Europe Could Wipe Out Hundreds of Unlicensed Crypto Firms Next Week

A small EU nation is set to enforce one of Europe’s strictest crypto crackdowns, warning that hundreds of unlicensed digital asset firms could face fines, website blocks, and even prison time starting next week. The central bank has made it clear that any platform continuing to onboard users or handle crypto without proper MiCA authorization after December 31 will be considered illegal. Lithuania Draws a Hard Line on Crypto Starting January 1 The Bank of Lithuania, which oversees the country’s crypto sector, has urged all service providers to secure licenses immediately. While over 370 firms are officially registered in the nation, only around 120 are actively operating and reporting revenues source: https://beincrypto.com/lithuania-mica-crypto-deadline-europe/