Lithuania crypto license
Lithuania offers regulated legal environment for companies providing cryptocurrency exchange services and cryptocurrency wallets.
A cryptocurrency exchange operator for cryptocurrency fiat currency exchange service providers – a company or branch of a company – gets the opportunity to exchange digital currency, receiving a commission. This is the official license covering services to exchange a fiat for cryptocurrency, and cryptocurrency for fiat, and crypto for cryptocurrency. This permission allows the management of the cryptocurrency exchange in a regulated manner.
This is the permission required for cryptocurrency wallet service providers. The crypto wallet service provider generates encrypted keys for clients that can be used for both storage and transfer of virtual currencies.
Registration of a crypto company in Lithuania may be an alternative to starting a business in other European states. This is due to the fact that the launch of crypto activity in this state is considered quite affordable and budgetary solution in comparison with most European countries.