Since the early 2010s, the fintech sector in Lithuania has been receiving strong impulses for development, with government agencies prioritizing this industry as an essential part of economic growth. This progressive approach has transformed the small Baltic state into a reputable jurisdiction chosen by startups and major international crypto projects for registration. SBSB Fintech Lawyers recommend that clients obtain a crypto license in Lithuania. Their services include comprehensive turnkey support, from consultations, preparation of corporate documents, and development of AML/KYC policies, to registration and post-launch support. A crypto license in Lithuania provides access to European consumers and a developed digital infrastructure. By choosing this Baltic country for licensing, businesses can legally grow in a favorable regulatory environment
Key Advantages of Crypto License in Lithuania
Lithuania ranks first in Europe by the number of licensed fintech companies, with about 580 registered crypto projects. For official activities, service providers obtain a special crypto license in Lithuania, which permits:
● cryptocurrency exchange services (exchange virtual currency to fiat and vice versa, or virtual currency exchange between each other);
● the storage of clients’ encrypted keys in custodial wallets.
Choosing Lithuania as the place of registration offers companies numerous advantages:
● Favorable Business Registration Conditions. Developed digital services and platforms reduce bureaucratic hurdles, and the absence of residency requirements for founders and directors attracts foreign investors.
● Developed Fintech Infrastructure. Lithuania supports fintech projects with scientific and technical valleys, an innovative industrial park, and startup sandboxes.
● Transparent Regulatory Framework. The implementation of MiCA requirements into national legislation is planned. The Financial Crime Investigation Service oversees compliance with registration conditions and AML/KYC rules. Strict control ensures transparency in the crypto sector and guarantees financial security for all its participants.
Other advantages of obtaining a crypto license in Lithuania include low business operating costs, strategic location, and a large pool of qualified professionals adept in English. Their services include comprehensive turnkey support, from consultations, preparation of corporate documents, and development of AML/KYC policies, to registration and post-launch support.
Launching Crypto Business in Crypto-Friendly Jurisdiction
A crypto license in Lithuania provides access to European consumers and a developed digital infrastructure. By choosing this Baltic country for licensing, businesses can legally grow in a favorable regulatory environment. The international law firm SBSB Fintech Lawyers has specialized in launching and supporting Crypto, Fintech, and Gambling projects in more than 40 jurisdictions around the world since 2013. Comprehensive turnkey legal support relieves entrepreneurs of organizational and bureaucratic issues and prevents possible financial and reputational losses.