Is crypto legal in Lithuania?
Cryptocurrency is legal in Lithuania, but subject to regulatory restrictions.
Northern Europe · LT · 5 of 9 dimensions sourced
Lithuania crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“Virtual currencies are not legal tender in Lithuania. Financial market participants are not allowed to receive payments in virtual currencies, or to exchange or sell them, or provide other financial services associated with virtual currencies. Activities of virtual currency exchange operators and depository virtual currency wallet operators are subject to requirements related to the prevention of money laundering and terrorist financing.”
Whether the jurisdiction licenses crypto/VASP service providers.
“Virtual asset service providers must obtain a licence from the Bank of Lithuania before providing virtual asset services in Lithuania.”
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
“Income of individuals received from the sale or exchange of virtual currencies is treated as taxable income from the sale of assets and is subject to personal income tax, while income received from mining or individual activities related to virtual currencies is taxed as income from individual activities.”
How decentralized finance (DeFi) is treated by regulators.
“Decentralised finance (DeFi) services that are functionally equivalent to regulated financial services are subject to the same regulatory requirements, irrespective of the technological infrastructure employed.”
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
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