Proxima Eight FZE LLC
Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
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Travel Rule + Wallet Screening for Lithuania VASP (MiCA Preparation)
We supported a Lithuania-based Virtual Asset Service Provider (VASP) in aligning its operations with upcoming MiCA regulations, focusing on Travel Rule integration and wallet risk management.
9+ Years of Compliance Expertise
Project Based Delivery
End-to-End Execution
Hands-on Partnership
Speed + Accuracy
What We Did
- MiCA Transition StrategyGuided the exchange through MiCA impact assessment and compliance roadmap
- Travel Rule IntegrationImplemented Notabene for VASP-to-VASP data sharing and sender/recipient screening
- Wallet Risk ScreeningConnected Chainalysis to monitor wallet behavior and flag high-risk addresses
- Policy OverhaulAdjusted onboarding flows and KYC triggers to reflect MiCA’s strict counterparty standards
- SOP DeliveryDelivered ready-to-deploy internal procedures and compliance narratives for audit and regulator review
Why It Matters
The EU’s MiCA regulation introduces strict requirements for crypto exchanges, especially around transparency, wallet risk, and Travel Rule adherence. Without preparation, many licensed Lithuanian exchanges risk being non-compliant or delisted from key platforms.
Our client was able to:
Our client was able to:
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Show proactive alignment with MiCA requirements -
Maintain partner trust during the regulatory shift -
Stay audit-ready and build credibility with banks and counterparties
Ideal For
- Lithuania VASPs with MiCA exposure
- Crypto exchanges seeking long-term licensing stability in the EU
- Regulated entities preparing for enhanced Travel Rule enforcement
Frequently Asked Questions
The Travel Rule requires crypto providers to share sender and recipient data with each transaction. Under MiCA, this becomes mandatory across the EU — including for wallet screening and address vetting.
No. MiCA will supersede national regimes. Lithuania’s current VASP licenses will need to transition by the MiCA enforcement deadline (expected in 2025). Proactive alignment is key.
Tools like Notabene help VASPs comply with Travel Rule by securely exchanging user info. Chainalysis is used for scoring wallet addresses and detecting illicit activity.
Depending on your current setup, 4–12 weeks. We provide full technical, legal, and policy implementation support.
Ready for MiCA? Secure your MiCA readiness before it’s too late.
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