Cryptocurrency licence in Lithuania

Over the past few years Lithuania has evolved into a country with a well-developed and sophisticated financial system as well as transparent legislation. The crypto regulation in Lithuania allows to conduct reliable businesses that clients are willing to trust. One of the standards is to obtain the cryptolicence that allows a company to provide virtual assets services to its clients.

ADVANTAGES OF OBTAINING A LICENCE IN LITHUANIA

Registering a crypto company in Lithuania opens up numerous opportunities for international business development. This licence enables operations throughout the Eurozone, allowing the company to promote its services or products on a nearly global scale. By utilizing COREDO’s assistance in obtaining a cryptocurrency licence, several benefits can be gained:

• Registration and establishment of your company in full compliance with legal requirements.
• The ability to provide virtual asset-related services in Lithuania, including:
  • Virtual currency exchange operator: Offering services for the exchange, acquisition, and/or sale of virtual currency for a fee:
    • Fiat to Crypto exchange (Fiat vs Crypto).
    • Crypto to Fiat exchange (Crypto vs Fiat).
    • Crypto to Crypto exchange (Crypto vs Crypto).
  • Cryptocurrency depository wallet operator: Managing custodial wallets for virtual currency on behalf of clients:
    • Virtual assets and crypto storage service.
    • Crypto transfer service.

• Obtaining appropriately drafted internal AML/CFT documentation that complies with the requirements of AML/CFT legislation.

DOCUMENTS AND INFORMATION NECESSARY FOR OBTAINING A LICENCE IN LITHUANIA

• Identity documents for the company’s director(s) and shareholder(s).
• Proof of address for the director(s) and shareholder(s) (e.g., utility bill).
• Certificate of good conduct for the company director (issued within the last 3 months).
• Proof of funds for the shareholder(s), such as a bank statement for the last 3 months or a relevant tax return.
• A detailed description of the company’s business model and activities.
• Resumes of all company participants, outlining their experience and education.
• A website that will be used for the company’s activities.
• Any additional information or documents required for the registration and establishment of the company.