Crypto Travel Rule Regulations in Lithuania 2025

Breaking Down Compliance Requirements in Lithuania’s Crypto Landscape

Who Needs to Register?

All Crypto Asset Service Providers (CASPs) operating in Lithuania must register with the Financial Crime Investigation Service (FCIS). This involves submitting detailed information about your company’s operations, governance structure, and compliance measures to meet local regulatory requirements.

When Did the Travel Rule Begin?

Lithuania implemented the Travel Rule as part of the EU’s AMLD5 (Fifth Anti-Money Laundering Directive). These requirements have been in place since July 1, 2021, ensuring CASPs in Lithuania align with the EU’s strict anti-money laundering standards.

MiCA Transition Period: Key Dates to Know

The Markets in Crypto-Assets (MiCA) regulation introduces a transitional period to help crypto businesses adapt to the new regulatory framework. Companies operating before MiCA’s enforcement date in late 2024 will have until July 2026 to fully comply. Key steps include:

• Securing MiCA-compliant licenses,
• Enhancing consumer protection measures,
• Ensuring transparency in operations.

This phased approach allows businesses to operate while transitioning to MiCA, maintaining continuity and reducing disruption.

Is There a Transaction Threshold?

No, Lithuania applies the Travel Rule to all cryptocurrency transactions, regardless of the amount. This ensures comprehensive oversight and compliance across the board.

What Information Must Be Shared?

Under the Travel Rule, CASPs in Lithuania must collect and transmit essential details for both originators and beneficiaries, including:

• Full name and address,
• Date and place of birth,
• Nationality,
• Account number or unique transaction ID.

Self-Hosted Wallet Requirements

Transactions involving self-hosted wallets are subject to the same compliance standards. CASPs must apply appropriate AML/CTF measures, including enhanced due diligence for higher-risk transactions.

Key Highlights of Crypto Compliance in Lithuania

1. Legality of Cryptocurrency in Lithuania
   Cryptocurrency is fully legal in Lithuania. Residents can freely buy, sell, and hold virtual assets within a secure and regulated environment.
2. Anti-Money Laundering Measures (AML)
   Lithuanian CASPs must comply with AML/CTF requirements by:
   • Verifying customer identities (KYC),
   • Monitoring transactions for suspicious activity,
   • Reporting unusual or high-risk transactions to the FCIS.
3. Travel Rule Enforcement
   Lithuania enforces the Travel Rule to require CASPs to collect and share identifying details for both senders and recipients in cryptocurrency transactions. These measures align with FATF Recommendation 16, a cornerstone of global financial security standards.
4. Regulatory Oversight of Crypto Activities
   The FCIS serves as Lithuania’s primary regulatory body, ensuring compliance and transparency for CASPs operating in the country.

Partner with Scorechain for Smooth Compliance

Understanding and meeting Lithuania’s crypto compliance regulations can be challenging, but Scorechain makes it easy. Our innovative tools help CASPs stay ahead of the curve and simplify complex requirements, including AML, CTF, and Travel Rule obligations.

🔎 Advanced transaction monitoring to reduce risks.
📊 Comprehensive compliance solutions tailored for Lithuanian operations.
🤝 Support for regulatory registration with the FCIS.
🔗 Integrated Travel Rule solutions for efficient and secure data sharing.

Want to simplify compliance?
Let Scorechain help your business thrive in Lithuania’s dynamic crypto market. Contact us today to schedule a consultation or demo!

‍