From wallet checks to AML compliance - Scorechain ensures your CASP meets Lithuania’s 2025 Travel Rule obligations with ease.
350+ COMPLIANCE & DIGITAL ASSET TEAMS TRUST US
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.
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.
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:
This phased approach allows businesses to operate while transitioning to MiCA, maintaining continuity and reducing disruption.
No, Lithuania applies the Travel Rule to all cryptocurrency transactions, regardless of the amount. This ensures comprehensive oversight and compliance across the board.
Under the Travel Rule, CASPs in Lithuania must collect and transmit essential details for both originators and beneficiaries, including:
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.
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!