Crypto license in Lithuania

By choosing a Lithuanian crypto license, you get the opportunity to start your crypto business in the European Union with minimal investment and in a short time. Contact us for more information

terms from 1 month

starting capital from € 2500

AML officer recruitment services

development of AML procedures

process of obtaining a Lithuanian crypto license

The specialists of our company will provide support at all necessary stages of registering a crypto company in Lithuania. In general, the whole process can be divided into the following steps

preparatory work

At this stage, we collect all the necessary documents from the client and his partners

REGISTRATION

At this stage, the collected documents are translated, a bank account is opened and the authorized capital is paid into it, the company is registered

LICENSING

At this stage, the specification of the crypto project is described, an AML / KYC policy is created, an AML officer is hired by the company, an application is submitted to the regulatory body

As a result of the work done, you will have all the necessary permissions to conduct a crypto business. In the future, it will be necessary to interact with regulatory authorities, support your project and introduce accounting

Lithuania is updating its legislation to regulate the Blockchain technology, in order to provide equal opportunities for all. The main goal of the law is to protect investors and developers, as well as promote innovation and technology adoption in the country. By the end of 2018, Lithuania will be the only country in Europe with a regulation that covers cryptocurrencies, Initial Coin Offerings (ICOs), and digital assets.
The Lithuanian government has recognized the potential benefits of blockchain technology, and plans to implement measures that will encourage its adoption. The first step was taken by introducing a license for cryptocurrency miners. Now, anyone who wants to mine crypto on their own is required to obtain a license from the government. Another important measure is the creation of a national digital identity system, which will allow people to access banking services online. Moreover, there are plans to create an electronic court system, which will offer security and efficiency advantages compared to traditional methods of dispute resolution.