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
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.