Crypto license in Lithuania

Lithuania is a very friendly jurisdiction offering almost ideal conditions for developing business in the field of financial technologies and virtual assets. A licensing system for exchanging virtual assets and working with cryptocurrencies is being established in Lithuania since 2021. Unlike in other European jurisdictions, obtaining a licence in Lithuania is characterised by the lowest cost and simplest procedure. The Central Bank of Lithuania has a policy of allowing cryptocurrency companies and FinTech businesses to develop. The favourable infrastructure for the development of financial projects and start-ups is strengthened by the ability to obtain the relevant licences and permits for operations directly from the Lithuanian regulator. Lithuania has long been known as the jurisdiction where it is easiest to obtain a payment system licence. Lithuania has recently become a jurisdiction with a favourable environment for cryptocurrency business development.


Currently, the licensing of cryptocurrency companies in Lithuania is limited to the submission of an application form to the regulator, the appointment of an AML specialist and the payment of a state fee. The Lithuanian regulator does not check a company for compliance when issuing a licence for a cryptocurrency business, and in 99% of cases, the client who applies to us for a licence receives a favourable result.


There are two types of licences related to cryptocurrency operations in Lithuania:

The licence can be obtained by Lithuanian companies or branches of foreign companies registered in Lithuania. 100% non-residents of Lithuania can be the owners and directors of the company.

The main requirement for directors and owners of a company to be able to obtain a licence is a statement of the absence of convictions.

There are also requirements that apply directly to companies operating on the basis of licences obtained. The main requirements are as follows: