Lithuania crypto license is the official permission to run a regulated cryptocurrency business. Obtaining a cryptocurrency license is a mandatory procedure for crypto companies offering virtual asset services in Lithuania.
Lithuania crypto license is the official permission to run a regulated cryptocurrency business. Obtaining a cryptocurrency license is a mandatory procedure for crypto companies offering virtual asset services in Lithuania.
Lithuania is characterized by favorable conditions for crypto business and quite loyal regulation of crypto assets. It is important to understand that there is no specific licensing procedure in the country, but all crypto companies intending to provide services related to virtual assets need to register and obtain regulatory approval. Candidates for crypto licenses in Lithuania should implement appropriate procedures for client identification and AML.
In Lithuania, two types of permits can be obtained to work with virtual currency and provide services such as:
Lithuania has become a new centre for companies focused on international financial markets. Business-oriented regulatory behavior and significantly lower registration, licensing and servicing costs of financial institutions make Lithuania attractive for large international financial institutions as well as for fintech start-ups. The advantages also include: