Global Stablecoin Regulation
Legal
In-Force
Fiat Referenced
Asset Referenced
Classification
Crypto Asset
E-Money
Regulatory Authorities
Bank of Lithuania
MiCA national competent authority; authorises and supervises ART/EMT issuers and CASPs, maintains registers, issues guidance, and conducts supervisory inspections/enforcement. Works with FNTT on AML/CFT oversight.
Financial Crime Investigation Service (FNTT)
Lithuania’s Financial Intelligence Unit; receives and analyses suspicious-transaction reports and enforces AML/CFT legislation. Travel-rule duties under Reg. (EU) 2023/1113 form part of AML/CFT supervision in coordination with sector supervisors.
Top Issuers
Consumer Protection
Reserve Requirements
ARTs: issuers must hold a legally segregated reserve whose aggregate value ≥ outstanding tokens, with custody, composition and liquidity limits set in MiCA. EMTs: may only be issued by EMIs/credit institutions; customer funds are safeguarded and tokens are issued/redeemed at par (significant EMTs face ART-style reserve constraints).
Auditing
Independent reserve audit every six months (for ARTs and significant EMTs), with results notified to the competent authority and published; issuers must also keep redemption plans per EBA guidance and make ongoing disclosures.
Redemption Rights
EMTs: right to redeem at any time, at par value, in funds. ARTs: permanent right of redemption (funds equivalent to the referenced assets’ value, or delivery of the assets), including under stressed conditions.
