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The State Tax Inspectorate of Lithuania has updated the user reporting program for cryptocurrency service providers, clarifying the reporting scope and operational standards through Order VA-63, aligning national regulations with the EU DAC8 and the OECD Crypto Asset Reporting Framework (CARF). The new regulations require regulated cryptocurrency service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and record customer identification numbers, transaction logs, and account balances. Entities that have completed registration and reporting obligations in other EU member states are exempt from re-reporting in Lithuania.The comprehensive operational reporting across the EU will commence on January 1, 2026, with data collected by the platform in 2027 to be automatically exchanged by member state tax authorities starting mid-2027. The new regulations do not change Lithuania's capital gains tax rate on virtual assets, but relevant institutions must update customer access processes and backend systems. Starting from March 2, certain transactions involving electronic money tokens (EMT) must additionally obtain payment service authorization, including transferring EMT on behalf of customers and operating custodial wallets for third-party transfers; exchanges between EMT and exchanges between EMT and fiat currency do not automatically fall under payment services.

According to the "United Against Nuclear Iran" (UANI), the U.S. blockade against Iran has resulted in at least 50 oil tankers loaded with Iranian oil being stranded off the coast of Iran, and another 20 vessels flying the Iranian flag are anchored near Sri Lanka.

The AI revenue intelligence agent Sigvi in the car rental industry of Vilnius, Lithuania has completed a €1.2 million seed pre-financing to accelerate product development and international expansion. This round of financing was led by Superhero Capital.

According to market news, the Bank of Lithuania (Lietuvos Bankas) announced that after the legislation incorporates the EU MiCA into domestic law, all crypto service providers must submit their license applications by December 31. Providing related services without a license will be illegal starting January 1.Regulatory measures include fines, website bans, and in severe cases, criminal charges, with a maximum sentence of 4 years in prison. The central bank requires operators who do not continue to operate to promptly notify customers and complete asset returns and transfers. It has been disclosed that out of approximately 370 registered entities, only about 30 have applied, with around 120 actually active. Lithuania intends to act as a "gateway" for MiCA entry.

The Bank of Lithuania has stipulated that the transition period for crypto asset service providers to obtain a license will end on December 31, 2025. After the transition period, VASPs that have not obtained a CASP license under MiCA must cease related services, including no longer accepting new customers, no longer holding customer assets, and must properly return customer funds and crypto assets.As of July 18, 2025, approximately 30 companies have applied to the Bank of Lithuania for a crypto asset service provider license, with 10 applications currently under evaluation. More than 370 companies have reported providing crypto asset services to the National Enterprise Register, but only 120 companies are actually operating, generating revenue, and submitting financial statements.

According to Chainwire, the cryptocurrency payment service provider CoinGate has obtained a MiCA (EU Regulation on Markets in Crypto-Assets) license issued by the Lithuanian regulatory authority, allowing it to operate as a compliant crypto asset service provider in Europe under the framework of the EU MiCA unified regulations.The acquisition of this license marks an important step for CoinGate on its compliance path in Europe and is expected to enhance its ability to provide legitimate and compliant services in the EU market.

ChainCatcher news, according to CNBC, the Bank of Lithuania has contacted Robinhood, awaiting clarification on the structure of the OpenAI and SpaceX stock tokens and related consumer communications. Robinhood has not yet commented on this. Giedrius Šniukas, a spokesperson for the Bank of Lithuania, stated that they can only assess the legality and compliance of these specific instruments after receiving and evaluating this information, and that the information provided to investors must be clear, fair, and not misleading.Previously, OpenAI Newsroom responded to the incident of "Robinhood CEO sharing that Robinhood has minted 2,309 OpenAI stock tokens on the Arbitrum network" by stating that "OpenAI tokens" are not equity in OpenAI, that there is no collaboration with Robinhood, and that they are not endorsing this matter. Any transfer of OpenAI equity requires its approval.

ChainCatcher news, Bitget plans to establish a European regional center in Lithuania. Currently, Bitget has completed the registration of cryptocurrency business in Lithuania and will prepare for compliance work under the MiCA (EU Crypto Assets Market) framework, including setting up a local office and recruiting a compliance and operations team.Bitget's Chief Legal Officer Hon Ng stated, "Establishing a European regional center in Lithuania is a key initiative for us to deepen our market presence in the EU, while supporting the development of the crypto ecosystem in the region based on the highest security and compliance standards."Bitget places a high priority on compliant operations and has already obtained licenses in major markets such as Poland, Australia, and Italy. Recently, it has returned to the UK market to provide compliant crypto services to users. In addition, Bitget is initiating registration or licensing applications in over 15 jurisdictions worldwide.

ChainCatcher news, Lithuania imposes a record fine of 9.3 million euros (approximately 10.1 million dollars) on the crypto company Payeer for sanctions and money laundering violations.The Lithuanian Financial Crime Investigation Service stated in a statement released on Tuesday that Payeer allowed Russian clients "to conduct ruble transactions by transferring funds from EU-sanctioned Russian banks." The statement noted that Russian individuals and legal entities were "given the opportunity to access cryptocurrency wallets, account management, or storage services."

ChainCatcher news, according to Bloomberg, Lithuania has positioned itself as a hub for fintech startups over the past decade, and will eliminate many cryptocurrency companies operating there when it begins issuing licenses next year. Simonas Krepsta, a member of the board of the Bank of Lithuania, stated that although Lithuania has registered about 580 crypto asset companies, the number of companies expected to obtain full licenses will be "far below this." He mentioned in an interview on Tuesday that the process will conclude in June 2025, and companies that do not pass the application will "leave the ecosystem."Krepsta stated, "The cryptocurrency industry has failed in a regulatory lax environment. We have a lot of evidence of this in the U.S., other European countries, and Lithuania. We have seen quite a number of failures, corruption cases, etc., which is a huge blow to the industry." He also noted that seven of the world's top cryptocurrency exchanges are already operating in Lithuania. He said that some digital asset companies operating there have already obtained licenses in other EU countries, which means they may not need to obtain authorization in Lithuania. It is reported that the EU's first unified cryptocurrency legislation, the "Crypto Assets Market," will come into effect in January 2025.Additionally, Krepsta mentioned that the central bank has been investing to ensure its staff understands the business models of cryptocurrency companies, and the central bank will begin implementing a licensing pre-assessment procedure in July, six months before MiCA takes effect.

ChainCatcher news, OPNX has obtained a Virtual Asset Service Provider (VASP) license in Lithuania, allowing it to offer spot cryptocurrency trading services across the European Union.

ChainCatcher news, crypto KOL @DefiIgnas posted on X that Binance, through its subsidiary Bifinity, contributed more tax revenue to Lithuania than the four major Nordic banks. Binance is the second largest company in Lithuania and the fourth largest taxpayer, funding the country's road construction and welfare. According to Forbes, Binance chose Lithuania after failing to obtain cryptocurrency licenses in Malta and London, as it allows access to the EU and enables Binance to hold cash.However, Lithuania is now in a dilemma, as Binance faces multiple lawsuits, although no allegations have been confirmed. Bifinity is accused of facilitating Binance's "suspicious transactions" and was also used to purchase a private jet worth $55 million, with $62.5 million transferred to CZ's personal account.

ChainCatcher news, the digital asset management platform [Haru Invest](https://www.rootdata.com/zh/Projects/detail/Haru Invest?k=NDEwNg==) announced that its subsidiary Haru EU Limited UAB, registered in the European Union, has become its EU operational headquarters. As a VASP authorized enterprise, Haru Invest can now provide cryptocurrency exchange and wallet/custody services.It is reported that this VASP authorization officially allows the company to directly support the euro currency, enabling EU countries to purchase and trade between cryptocurrencies and euros. (Source link)