Shutdown event

What happened to the Cryptopay EUR Card

Cryptopay EUR Card closed to new applications on 2023-06-22, after Lietuvos bankas e-money licence revocation (UAB PayrNet), 22 Jun 2023.

The event: Lietuvos bankas e-money licence revocation (UAB PayrNet), 22 Jun 2023.

Effective 2023-06-22. Each date is the day the card became unobtainable, which is not always the day cards stopped working — see the full study for how the two shapes are counted.

Researched and written by Mihail B. Published 2026-08-11, updated 2026-08-20.

Cryptopay EUR Card

Issuer: UAB PayrNet

What happened: Lietuvos bankas revoked UAB PayrNet e-money licence on 22 Jun 2023 (AML/CFT, own-funds and safeguarding failures; the institution was found insolvent); Cryptopay told customers the revocation took effect immediately and that its EUR cards stopped working for EEA clients

Unobtainable from: 2023-06-22

Outcome: shutdown — not obtainable today

The EEA EUR card did not return, despite the closure notice promising "a new card programme that is expected to launch in just a few months". Cryptopay kept operating other products until 2026-01-01, when it closed personal accounts entirely and moved to a corporate-only product under KYB — a separate, later, brand-side exit, recorded in data.csv rather than here. Two disruptions, two and a half years apart, one brand.

Sources: primary · corroborating · outcome

This is one event from the full shutdown study, which covers every verified closure we track, how the events group, and what the pattern does and does not prove. If you are here because one of these cards was yours, the directory of closed cards lists the closest cards still on sale beside each one.