MiCa adaptation in Lithuania

We help at all stages with MiCa adaptation for your VASP.

- Client Relations Responsibilities
In order to guarantee adherence, you must:

Be open and equitable while giving clients accurate, truthful information.
Make price, cost, and charge policies available to the general public.
Advise customers about the dangers of investing in cryptocurrency.

- Standards for Financial Safety
MICA puts security first in order to keep its clients safe. What you should do is as follows:

Retain prudential measures, such as a minimum share capital of EUR 125,000 or 25% of fixed overheads from the prior year.
Ascertain sufficient measures to protect customer money and cryptocurrency holdings.
obtaining a suitable insurance plan to protect against possible losses to clients.

- Decide on the necessary policies and processes.
CASPs need to comply with MICA criteria by:

Assure service continuity and safe ICT infrastructure.
Create policies for business continuity.
To efficiently address client concerns, establish a complaint policy.
Conflicts of interest should be openly identified, managed, and disclosed using publicly available policies.