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Crypto License in Lithuania

Lithuania has become one of the most attractive destinations for businesses operating in the cryptocurrency sector. The country offers clear regulations, a favorable tax regime, and a simplified licensing process, making it an excellent choice for entrepreneurs seeking a crypto license in Lithuania.

Under the oversight of the Markets in Crypto-Assets, also called MiCA or MiCAR, it became mandatory for companies that offer crypto-related services to obtain the CASP licensing for their lawful operations in the market. Our expert lawyers will guide you through the entire licensing process and ensure your full compliance with this new regulatory framework. By using our Lithuanian crypto licensing services, you’ll obtain all necessary legal approvals to secure your business in today’s evolving crypto ecosystem.

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Process of Securing a Lithuania Crypto License

To obtain a VASP license in Lithuania, businesses must follow a structured process that ensures compliance with national and EU regulations. The key steps involved in securing a crypto license in Lithuania include:

  1. Company Registration – Establish a UAB (private limited company) in Lithuania, which serves as the legal entity for conducting cryptocurrency-related activities.
  2. Due Diligence & Document Preparation – Conduct a thorough compliance review to ensure adherence to Lithuania’s crypto regulations. This includes preparing all necessary documentation, such as business plans, AML/CFT policies, and shareholder agreements.
  3. Formal Application Submission – Submit the completed application to the Bank of Lithuania and the Financial Crime Investigation Service (FCIS) for review.
  4. Regulatory Review & Assessment – Authorities conduct a detailed examination of the application, assessing the company’s financial stability, AML procedures, and overall compliance with local and EU laws.
  5. License Approval & Business Register Update – Upon successful evaluation, regulatory bodies grant the license and update the Business Register, officially recognizing the company as a Virtual Asset Service Provider (VASP).
  6. Once a business successfully obtains a VASP license in Lithuania, it gains the legal right to provide virtual asset services within Lithuania and across the European Union, benefiting from the region’s financial market integration and regulatory stability.