Lithuania aligns with the EU framework, updating rules on tracking encrypted users.

On October 10, according to Bitcoin.com, Lithuania's State Tax Inspectorate issued Order No. VA-63, updating user reporting requirements for Crypto-Asset Service Providers (CASPs) to align with the EU's eighth Administrative Cooperation Directive (DAC8) and the OECD's Crypto-Asset Reporting Framework (CARF). The new regulations require platforms to enhance their customer due diligence processes and collect user identity information, transaction records, and tax residency details. Entities that have already fulfilled registration and reporting obligations in other EU member states are exempt from duplicate reporting in Lithuania. Full operational reporting will officially take effect across the EU starting January 1, 2026, while data exchange between member states' tax authorities will commence in mid-2027. Compliance experts advise that crypto operators must immediately update their customer onboarding processes and backend systems to avoid regulatory penalties.