Lithuania’s Crypto Deadline: Fines, Jail, or Go Home! 🚨

Lithuania’s central bank has issued a strict warning to crypto firms. All providers will have to obtain licenses in the near future. Otherwise, operations will be illegal. The announcement is a sign of tougher enforcement. Moreover, there was emphasis on urgency by the authorities. The move is in line with European crypto regulation objectives. As such, firms are now faced with momentous decisions. 🤯