Regulator: Bank of Lithuania (Lietuvos Bankas); Financial Crime Investigation Service (FCIS)
Lithuania was one of the earliest EU states to regulate crypto, introducing a VASP regime in 2020 with licensing and AML obligations. Under MiCAR, stablecoins (EMTs, ARTs) are now regulated EU-wide, while Lithuania continues to apply stricter national rules for VASPs. The Bank of Lithuania also operates the LBChain sandbox and has launched a blockchain-based collector coin (LBCOIN), showing strong institutional engagement with tokenization.
